Eastern Bank Has $211,000 Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Eastern Bank cut its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,694 shares of the mining company’s stock after selling 695 shares during the period. Eastern Bank’s holdings in Agnico Eagle Mines were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. JCIC Asset Management Inc. bought a new stake in Agnico Eagle Mines in the 4th quarter valued at $6,441,000. CWA Asset Management Group LLC lifted its holdings in shares of Agnico Eagle Mines by 6.1% during the fourth quarter. CWA Asset Management Group LLC now owns 60,143 shares of the mining company’s stock worth $4,704,000 after buying an additional 3,475 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $26,000. Confluence Investment Management LLC grew its stake in shares of Agnico Eagle Mines by 1.8% in the fourth quarter. Confluence Investment Management LLC now owns 20,408 shares of the mining company’s stock valued at $1,596,000 after acquiring an additional 351 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Agnico Eagle Mines by 1.4% during the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock worth $1,760,000 after acquiring an additional 302 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AEM shares. UBS Group assumed coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. Jefferies Financial Group boosted their price target on 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 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.13.

Agnico Eagle Mines Trading Up 1.9 %

Shares of AEM opened at $83.95 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The firm has a market cap of $42.13 billion, a price-to-earnings ratio of 41.98, a PEG ratio of 0.68 and a beta of 1.08. The business’s fifty day moving average is $81.72 and its 200-day moving average is $79.90.

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.