Manning & Napier Advisors LLC Decreases Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Manning & Napier Advisors LLC trimmed its stake in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,317 shares of the mining company’s stock after selling 1,372 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Agnico Eagle Mines were worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in Agnico Eagle Mines by 43.5% in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 buying an additional 817,240 shares during the last quarter. 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 acquiring an additional 767,912 shares during the period. The Manufacturers Life Insurance Company increased its holdings 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 worth $326,571,000 after acquiring an additional 591,178 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Agnico Eagle Mines by 7.4% during the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after purchasing an additional 285,565 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank lifted their target price 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. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.50.

Get Our Latest Analysis on Agnico Eagle Mines

Agnico Eagle Mines Stock Up 0.1 %

Shares of NYSE:AEM opened at $90.02 on Thursday. The firm has a fifty day moving average price of $83.30 and a two-hundred day moving average price of $81.32. The company has a market cap of $45.21 billion, a price-to-earnings ratio of 45.01, a PEG ratio of 0.60 and a beta of 1.08. 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 one year low of $44.37 and a one year high of $91.30.

Agnico Eagle Mines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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