UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $75.18 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 933,207 shares of the mining company's stock after selling 59,095 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Agnico Eagle Mines worth $75,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC raised its position in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock valued at $26,000 after purchasing an additional 363 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $32,000. Abich Financial Wealth Management LLC acquired a new position in Agnico Eagle Mines in the second quarter valued at about $32,000. McClarren Financial Advisors Inc. grew its holdings in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock valued at $41,000 after purchasing an additional 445 shares during the period. Finally, WASHINGTON TRUST Co raised its stake in Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock worth $48,000 after buying an additional 350 shares during the period. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. UBS Group started coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price target for the company. Scotiabank increased their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group raised their target price 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of AEM traded up $3.12 during midday trading on Tuesday, reaching $85.99. 1,909,592 shares of the stock were exchanged, compared to its average volume of 2,224,899. The stock's 50 day simple moving average is $82.81 and its 200 day simple moving average is $76.72. The company has a market cap of $43.17 billion, a P/E ratio of 43.00, a PEG ratio of 0.65 and a beta of 1.07. 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.

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.