Tidal Investments LLC Has $1.22 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Tidal Investments LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 20.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,088 shares of the mining company’s stock after selling 3,966 shares during the quarter. Tidal Investments LLC’s holdings in Agnico Eagle Mines were worth $1,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AEM. Bridgewater Associates LP increased its stake in shares of Agnico Eagle Mines by 123.2% in the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after acquiring an additional 112,712 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Agnico Eagle Mines by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after purchasing an additional 32,991 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Agnico Eagle Mines by 14.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after purchasing an additional 29,106 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at about $655,000. Finally, Citigroup Inc. raised its holdings in shares of Agnico Eagle Mines by 84.4% during the third quarter. Citigroup Inc. now owns 182,142 shares of the mining company’s stock valued at $14,689,000 after purchasing an additional 83,387 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 4.9 %

Shares of NYSE:AEM opened at $77.76 on Thursday. The business’s 50 day moving average is $83.53 and its 200 day moving average is $77.95. 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 cap of $39.03 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 0.68 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

AEM has been the subject of several research reports. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. UBS Group initiated coverage on 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. Finally, Jefferies Financial Group upped their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Company 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.