Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC raised its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1,414.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,473 shares of the mining company's stock after acquiring an additional 45,273 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in Agnico Eagle Mines were worth $3,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Continuum Advisory LLC grew its holdings in shares of Agnico Eagle Mines by 1,134.4% during the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock valued at $26,000 after buying an additional 363 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at about $32,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $32,000. Stephens Consulting LLC purchased a new stake in Agnico Eagle Mines in the 1st quarter worth approximately $30,000. Finally, McClarren Financial Advisors Inc. raised its position in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after buying an additional 445 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AEM shares. StockNews.com upgraded shares of Agnico Eagle Mines from a "hold" rating to a "buy" rating in a research report on Thursday, June 27th. Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. UBS Group began coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Finally, Scotiabank boosted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.78.

Agnico Eagle Mines Trading Down 1.1 %

Shares of AEM stock traded down $1.01 on Friday, hitting $86.92. The stock had a trading volume of 2,328,180 shares, compared to its average volume of 2,672,038. The company's 50 day moving average price is $81.64 and its 200-day moving average price is $73.06. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $89.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The firm has a market capitalization of $43.48 billion, a P/E ratio of 91.31, a P/E/G ratio of 0.71 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.65 EPS. Agnico Eagle Mines's revenue for the quarter was up 20.9% on a year-over-year basis. Analysts anticipate that Agnico Eagle Mines Limited will post 3.88 earnings per share for the current year.

About Agnico Eagle Mines

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.