Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,965 shares of the mining company's stock after acquiring an additional 29,106 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Agnico Eagle Mines were worth $18,223,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Continuum Advisory LLC increased its position in shares of Agnico Eagle Mines by 1,134.4% during the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock worth $26,000 after purchasing an additional 363 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth about $32,000. FSC Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines during the 3rd quarter valued at about $32,000. McClarren Financial Advisors Inc. increased its holdings in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock valued at $41,000 after purchasing an additional 445 shares during the period. Finally, WASHINGTON TRUST Co raised its stake in shares of Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock worth $48,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Scotiabank raised their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Jefferies Financial Group boosted 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. Finally, UBS Group started coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.78.

Agnico Eagle Mines Price Performance

AEM stock traded down $1.55 during mid-day trading on Monday, reaching $82.87. 1,179,287 shares of the company's stock were exchanged, compared to its average volume of 2,633,090. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The stock's 50 day moving average is $82.80 and its 200 day moving average is $76.63. The company has a market cap of $41.61 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.09.

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.