Assenagon Asset Management S.A. Has $1.27 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Assenagon Asset Management S.A. decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,270 shares of the mining company’s stock after selling 474 shares during the period. Assenagon Asset Management S.A.’s holdings in Agnico Eagle Mines were worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Agnico Eagle Mines by 3.0% during the 3rd 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 last quarter. Bridgewater Associates LP lifted its holdings in shares of Agnico Eagle Mines by 123.2% during the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after buying an additional 112,712 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Agnico Eagle Mines by 14.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock worth $18,223,000 after buying an additional 29,106 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Agnico Eagle Mines by 8.6% in the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock valued at $183,491,000 after acquiring an additional 178,999 shares during the period. Finally, Mirabella Financial Services LLP acquired a new stake in shares of Agnico Eagle Mines in the third quarter worth $655,000. 68.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AEM. Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday. Jefferies Financial Group increased their target price 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $88.67 on Friday. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $90.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The firm has a market cap of $44.53 billion, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The firm’s 50-day simple moving average is $82.56 and its 200-day simple moving average is $80.78.

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.