Agnico Eagle Mines Limited (NYSE:AEM) went up to recover about 59.32% since recording its record low price of $32.18. The stock experienced -1.91% slump, arriving at $51.27 on 6/25/2019. During the day, the stock price traveled from $50.155 to $52.5. This company shares are -1.09% up from its target price of $50.71 and the current market capitalization stands at $11.99B. The recent change has given its price a 18.91% lead over SMA 50 and -2.1% deficit over its 52-week high. The stock witnessed 24.62% gains, 12.53% gains and 29.18% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AEM’s volatility during a week at 3.15% and during a month it has been found around 2.38%.

What Does Agnico Eagle Mines Limited (AEM) Do?

The company describes itself in regulatory filings as, “Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.” [Text can be found here: under company description.]

Agnico Eagle Mines Limited (AEM) Top Holders

Institutional investors currently hold around $7.65 billion or 78.1% in AEM stock. Look at its top three institutional owners: Van Eck Associates Corp owns $763.38 million in Agnico Eagle Mines Limited, which represents roughly 6.37% of the company’s market cap and approximately 9.98% of the institutional ownership. Similar statistics are true for the second largest owner, First Eagle Investment Management, Llc, which owns 11,881,236 shares of the stock are valued at $621.03 million. The third largest holder is Royal Bank Of Canada, which currently holds $426.68 million worth of this stock and that ownership represents nearly 3.56% of its market capitalization.

Agnico Eagle Mines Limited 13F Filings

At the end of March reporting period, 150 institutional holders increased their position in Agnico Eagle Mines Limited (NYSE:AEM) by some 11,050,130 shares, 138 decreased positions by 8,172,849 and 66 held positions by 127,081,031. That puts total institutional holdings at 146,304,010 shares, according to SEC filings. The stock grabbed 43 new institutional investments totaling 1,934,919 shares while 41 institutional investors sold out their entire positions totaling 2,790,973 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 11 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.06 average brokerage recommendation [T1].