Truist Financial Corp Acquires 3,422 Shares of Agnico Eagle Mines Limited $AEM

Truist Financial Corp lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,835 shares of the mining company’s stock after buying an additional 3,422 shares during the quarter. Truist Financial Corp’s holdings in Agnico Eagle Mines were worth $8,063,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEM. Pure Portfolios Holdings LLC grew its stake in shares of Agnico Eagle Mines by 1.6% during the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock valued at $637,000 after buying an additional 60 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Agnico Eagle Mines by 1.2% in the 3rd quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock valued at $951,000 after acquiring an additional 69 shares during the last quarter. Union Bancaire Privee UBP SA boosted its holdings in Agnico Eagle Mines by 1.6% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock valued at $749,000 after acquiring an additional 72 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after acquiring an additional 74 shares during the period. Finally, Evergreen Capital Management LLC grew its position in Agnico Eagle Mines by 0.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock worth $979,000 after acquiring an additional 77 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 0.1%

Shares of Agnico Eagle Mines stock opened at $190.65 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12-month low of $92.11 and a 12-month high of $225.00. The company has a market cap of $95.45 billion, a P/E ratio of 27.83, a PEG ratio of 0.52 and a beta of 0.63. The company’s fifty day simple moving average is $183.41 and its two-hundred day simple moving average is $163.08.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Bank of America increased their price target on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Jefferies Financial Group set a $189.00 price objective on shares of Agnico Eagle Mines in a research report on Sunday, December 7th. Finally, TD Securities increased their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $224.73.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.