Shell Asset Management Co. Has $9.20 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Shell Asset Management Co. cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,426 shares of the mining company's stock after selling 44,014 shares during the quarter. Shell Asset Management Co.'s holdings in Agnico Eagle Mines were worth $9,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AEM. Norges Bank purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $325,327,000. Clearbridge Investments LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $132,257,000. Van ECK Associates Corp raised its holdings in shares of Agnico Eagle Mines by 9.5% in the 4th quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company's stock worth $1,264,791,000 after purchasing an additional 1,995,127 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $88,547,000. Finally, TD Asset Management Inc raised its holdings in shares of Agnico Eagle Mines by 41.9% in the 4th quarter. TD Asset Management Inc now owns 4,274,964 shares of the mining company's stock worth $235,535,000 after purchasing an additional 1,261,482 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AEM. Citigroup increased their target price on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. TD Securities increased their target price on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Scotiabank increased their target price on Agnico Eagle Mines from $71.00 to $81.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 23rd. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Finally, Jefferies Financial Group increased their target price on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.22.

Agnico Eagle Mines Stock Up 2.3 %

NYSE AEM traded up $1.44 during mid-day trading on Monday, reaching $65.24. 2,479,812 shares of the company's stock traded hands, compared to its average volume of 3,094,644. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $71.50. The company has a fifty day simple moving average of $65.32 and a 200-day simple moving average of $56.68. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The company has a market cap of $32.58 billion, a price-to-earnings ratio of 68.67, a P/E/G ratio of 0.66 and a beta of 1.11.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the firm earned $0.57 EPS. Agnico Eagle Mines's quarterly revenue was up 21.2% on a year-over-year basis. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 3.2 EPS for the current year.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.