Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Sapient Capital LLC

Sapient Capital LLC reduced its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,856 shares of the mining company’s stock after selling 145 shares during the quarter. Sapient Capital LLC’s holdings in Agnico Eagle Mines were worth $849,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AEM. FMR LLC increased its stake in Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after buying an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Agnico Eagle Mines by 16.1% in 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 buying an additional 817,240 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Agnico Eagle Mines by 262.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after purchasing an additional 767,912 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Agnico Eagle Mines by 17.1% during the 3rd 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. Finally, National Bank of Canada FI grew its stake in shares of Agnico Eagle Mines by 7.4% during the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after purchasing an additional 285,565 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and a consensus price target of $92.75.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $98.42 on Wednesday. The stock has a market cap of $49.43 billion, a price-to-earnings ratio of 49.21, a PEG ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $101.45. The company’s 50-day moving average price is $85.67 and its 200 day moving average price is $82.78. The company has a current ratio of 1.75, a quick ratio of 0.83 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.