Crossmark Global Holdings Inc. Increases Position in Agnico Eagle Mines Limited (NYSE:AEM)

Crossmark Global Holdings Inc. raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,157 shares of the mining company’s stock after purchasing an additional 603 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Agnico Eagle Mines were worth $2,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Vanguard Personalized Indexing Management LLC increased its position in shares of Agnico Eagle Mines by 29.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,168 shares of the mining company’s stock worth $724,000 after acquiring an additional 2,561 shares during the period. Insigneo Advisory Services LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter worth $205,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter worth $32,000. AQR Capital Management LLC increased its position in shares of Agnico Eagle Mines by 23.3% during the second quarter. AQR Capital Management LLC now owns 13,017 shares of the mining company’s stock worth $851,000 after acquiring an additional 2,464 shares during the period. Finally, Lloyd Harbor Capital Management LLC increased its position in shares of Agnico Eagle Mines by 5.1% during the second quarter. Lloyd Harbor Capital Management LLC now owns 206,000 shares of the mining company’s stock worth $13,472,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Scotiabank boosted 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $88.67 on Friday. The company has a market capitalization of $44.53 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $90.49. The firm has a 50-day simple moving average of $82.56 and a 200-day simple moving average of $80.78. 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 Company 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.