US Bancorp DE Has $531,000 Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

US Bancorp DE grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 43.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,595 shares of the mining company’s stock after buying an additional 1,994 shares during the quarter. US Bancorp DE’s holdings in Agnico Eagle Mines were worth $531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in Agnico Eagle Mines in the second quarter valued at about $2,595,000. Tidal Investments LLC boosted its holdings in Agnico Eagle Mines by 87.8% in the first quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock valued at $1,195,000 after acquiring an additional 9,628 shares during the last quarter. M&G Plc bought a new position in Agnico Eagle Mines in the second quarter valued at about $1,802,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Agnico Eagle Mines in the second quarter valued at about $7,084,000. Finally, Gunderson Capital Management Inc. bought a new position in Agnico Eagle Mines in the third quarter valued at about $3,583,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEM has been the topic of several recent research reports. UBS Group began coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price target on the stock. Jefferies Financial Group raised their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank raised their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, TD Securities raised their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Trading Down 6.8 %

NYSE AEM opened at $78.12 on Tuesday. The firm has a market cap of $39.20 billion, a P/E ratio of 39.06, a P/E/G ratio of 0.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The stock’s 50-day moving average is $82.54 and its 200-day moving average is $75.16. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00.

About Agnico Eagle Mines

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.