PYA Waltman Capital LLC Sells 337 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

PYA Waltman Capital LLC decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,170 shares of the mining company’s stock after selling 337 shares during the quarter. PYA Waltman Capital LLC’s holdings in Agnico Eagle Mines were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its position in Agnico Eagle Mines by 0.3% during the 2nd quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company’s stock valued at $1,459,741,000 after purchasing an additional 58,681 shares during the last quarter. FMR LLC raised its holdings in shares of Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after acquiring an additional 4,562,005 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Agnico Eagle Mines by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company’s stock worth $868,638,000 after acquiring an additional 134,872 shares during the period. CIBC Asset Management Inc boosted its holdings in Agnico Eagle Mines by 4.1% in the second quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company’s stock valued at $397,657,000 after acquiring an additional 237,347 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock valued at $474,660,000 after purchasing an additional 817,240 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AEM. Royal Bank of Canada raised their target price 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. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Scotiabank increased their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, UBS Group initiated coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Stock Down 1.7 %

Shares of NYSE:AEM opened at $83.59 on Monday. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The stock has a market capitalization of $41.97 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 0.67 and a beta of 1.07. The stock has a fifty day simple moving average of $82.93 and a two-hundred day simple moving average of $77.15. The company has a current ratio of 1.75, a quick ratio of 0.83 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.