Annex Advisory Services LLC Decreases Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Annex Advisory Services LLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,573 shares of the mining company’s stock after selling 1,711 shares during the quarter. Annex Advisory Services LLC’s holdings in Agnico Eagle Mines were worth $3,173,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its position 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 purchasing an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after purchasing an additional 817,240 shares during the last quarter. National Bank of Canada FI grew its position in Agnico Eagle Mines by 7.4% in the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after acquiring an additional 285,565 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after buying an additional 591,178 shares during the period. Finally, Geode Capital Management LLC grew its stake in Agnico Eagle Mines by 8.6% in the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after purchasing an additional 178,999 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.13.

Agnico Eagle Mines Stock Up 1.1 %

AEM stock opened at $85.12 on Monday. 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 Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The stock has a market capitalization of $42.72 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. The firm has a 50 day moving average of $81.70 and a 200 day moving average of $80.41.

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.