Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 32.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,701 shares of the mining company’s stock after selling 17,904 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Agnico Eagle Mines were worth $3,037,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Continuum Advisory LLC increased its stake in Agnico Eagle Mines by 1,134.4% in the second 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. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $32,000. Abich Financial Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at $32,000. McClarren Financial Advisors Inc. raised its stake in Agnico Eagle Mines by 684.6% during 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 in the last quarter. Finally, WASHINGTON TRUST Co raised its stake in Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Agnico Eagle Mines Stock Down 1.1 %

Shares of Agnico Eagle Mines stock opened at $76.76 on Friday. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. The company has a market cap of $38.51 billion, a P/E ratio of 38.38, a PEG ratio of 0.66 and a beta of 1.09. 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 fifty day moving average of $82.43 and a two-hundred day moving average of $75.34.

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.