Groupama Asset Managment Acquires 72,042 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Groupama Asset Managment boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 844,467 shares of the mining company’s stock after acquiring an additional 72,042 shares during the quarter. Groupama Asset Managment owned about 0.17% of Agnico Eagle Mines worth $68,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its position in shares of Agnico Eagle Mines by 1,134.4% during 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. Abich Financial Wealth Management LLC bought a new position in Agnico Eagle Mines during the second quarter valued at $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter valued at $32,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Agnico Eagle Mines by 684.6% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Agnico Eagle Mines during the 2nd quarter worth about $52,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 1.2 %

NYSE:AEM opened at $84.57 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00. The company has a 50-day moving average of $83.01 and a 200 day moving average of $77.28. The firm has a market cap of $42.46 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07.

Analyst Ratings Changes

Several brokerages have issued reports on AEM. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, UBS Group started coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.78.

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.