Townsquare Capital LLC Has $8.37 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Townsquare Capital LLC decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 18.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,896 shares of the mining company's stock after selling 24,109 shares during the quarter. Townsquare Capital LLC's holdings in Agnico Eagle Mines were worth $8,370,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. D.A. Davidson & CO. boosted its holdings in shares of Agnico Eagle Mines by 7.3% in the third quarter. D.A. Davidson & CO. now owns 12,236 shares of the mining company's stock valued at $986,000 after acquiring an additional 831 shares in the last quarter. FMR LLC raised its holdings in Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Agnico Eagle Mines by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company's stock worth $326,571,000 after purchasing an additional 591,178 shares during the period. Mirabella Financial Services LLP bought a new position in Agnico Eagle Mines during the 3rd quarter valued at $655,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Agnico Eagle Mines by 106.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,191 shares of the mining company's stock valued at $177,000 after purchasing an additional 1,130 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on AEM shares. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. TD Securities boosted their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and a consensus target price of $86.78.

Agnico Eagle Mines Stock Down 0.7 %

Shares of NYSE:AEM traded down $0.56 on Thursday, reaching $83.55. The company had a trading volume of 1,682,864 shares, compared to its average volume of 2,646,990. The stock has a market capitalization of $41.95 billion, a P/E ratio of 41.78, a P/E/G ratio of 0.70 and a beta of 1.09. The stock has a 50-day moving average price of $82.74 and a 200 day moving average price of $76.35. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

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.