Forsta AP Fonden Sells 13,800 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Forsta AP Fonden lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,100 shares of the mining company's stock after selling 13,800 shares during the quarter. Forsta AP Fonden's holdings in Agnico Eagle Mines were worth $14,444,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Agnico Eagle Mines by 0.3% in the second quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company's stock worth $1,459,741,000 after acquiring an additional 58,681 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Agnico Eagle Mines by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company's stock worth $868,638,000 after purchasing an additional 134,872 shares during the last quarter. Capital World Investors increased its position in Agnico Eagle Mines by 0.8% in the 1st quarter. Capital World Investors now owns 9,769,275 shares of the mining company's stock worth $582,529,000 after purchasing an additional 79,275 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Agnico Eagle Mines by 10.8% during the 1st quarter. First Eagle Investment Management LLC now owns 6,891,385 shares of the mining company's stock worth $411,106,000 after purchasing an additional 672,503 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Agnico Eagle Mines by 4.1% during the 2nd quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company's stock valued at $397,657,000 after buying an additional 237,347 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AEM shares. 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. UBS Group started coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective for the company. CIBC raised their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. Royal Bank of Canada upped their price target 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. Finally, TD Securities increased their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and an average target price of $86.78.

Agnico Eagle Mines Stock Performance

AEM traded down $1.05 on Friday, hitting $86.88. 2,328,687 shares of the stock traded hands, compared to its average volume of 2,672,038. The business has a fifty day moving average price of $81.78 and a two-hundred day moving average price of $73.41. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $43.46 billion, a PE ratio of 91.45, a P/E/G ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00.

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