Plato Investment Management Ltd acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,925 shares of the mining company's stock, valued at approximately $2,330,000.
Several other large investors have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. lifted its holdings in Agnico Eagle Mines by 3.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,616 shares of the mining company's stock worth $991,000 after purchasing an additional 585 shares during the last quarter. Delos Wealth Advisors LLC boosted its position in shares of Agnico Eagle Mines by 43.6% in the first quarter. Delos Wealth Advisors LLC now owns 36,855 shares of the mining company's stock valued at $2,198,000 after acquiring an additional 11,196 shares during the period. Anthracite Investment Company Inc. grew its stake in shares of Agnico Eagle Mines by 12.5% in the first quarter. Anthracite Investment Company Inc. now owns 45,000 shares of the mining company's stock valued at $2,684,000 after acquiring an additional 5,000 shares in the last quarter. Cumberland Partners Ltd bought a new position in Agnico Eagle Mines during the first quarter worth about $639,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Agnico Eagle Mines by 12.5% in the first quarter. Acadian Asset Management LLC now owns 7,200 shares of the mining company's stock valued at $429,000 after buying an additional 799 shares during the period. 68.34% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on AEM shares. Scotiabank boosted their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective on the stock. TD Securities upped their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of "Moderate Buy" and an average price target of $86.78.
View Our Latest Research Report on Agnico Eagle Mines
Agnico Eagle Mines Stock Up 2.2 %
AEM traded up $1.65 during midday trading on Thursday, hitting $77.64. The company had a trading volume of 3,803,404 shares, compared to its average volume of 2,677,504. The company has a market capitalization of $38.96 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 0.67 and a beta of 1.09. The stock's 50 day moving average price is $82.43 and its 200 day moving average price is $75.26. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00.
About Agnico Eagle Mines
(
Free Report)
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.
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