Holding Agnico Eagle Mines Limited (AEM) Will Pay Off Due To This Reason

Agnico Eagle Mines Limited (NYSE:AEM) is now up 28.34% compared to a 12-month low of $32.18. We have seen the price to move 4.29% higher and get settled at $41.3 on 01/25/2019. At recent session, it appeared stuck in a range of $40.05 to $41.335. This company shares are 19.39% off its target price of $49.31 and the current market capitalization stands at $9.3B. The recent change has given its price a 7.96% lead over SMA 50 and -17.07% deficit over its 52-week high. The stock witnessed 1.37% gains, 11.26% gains and -7.89% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AEM’s volatility during a week at 1.83% and during a month it has been found around 2.48%.

Agnico Eagle Mines Limited (AEM) Top Holders

Institutional investors currently hold around $5.82 billion or 78.1% in AEM stock. Look at its top three institutional owners. Van Eck Associates Corp owns $655.44 million in Agnico Eagle Mines Limited, which represents roughly 7.05% of the company’s market cap and approximately 11.27% of the institutional ownership. Similar statistics are true for the second largest owner, First Eagle Investment Management, Llc, which owns 12,374,275 shares of the stock are valued at $511.06 million. The third largest holder is Royal Bank Of Canada, which currently holds $348.41 million worth of this stock and that ownership represents nearly 3.75% of its market capitalization.

Agnico Eagle Mines Limited 13F Filings

At the end of September reporting period, 146 institutional holders increased their position in Agnico Eagle Mines Limited (NYSE:AEM) by some 23,222,806 shares, 128 decreased positions by 22,579,714 and 47 held positions by 95,005,786. That puts total institutional holdings at 140,808,306 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 8,906,192 shares while 36 institutional investors sold out their entire positions totaling 6,693,100 shares.

Agnico Eagle Mines Limited (AEM) Analyst Guide

Several analysts have released their opinion on Agnico Eagle Mines Limited (NYSE:AEM), with 3 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 12 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.05 average brokerage recommendation.