Aigen Investment Management LP Purchases Shares of 7,529 Agnico Eagle Mines Limited (NYSE:AEM)

Aigen Investment Management LP acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,529 shares of the mining company's stock, valued at approximately $607,000.

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC raised its holdings in shares of Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock valued at $26,000 after purchasing an additional 363 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Agnico Eagle Mines during the 2nd quarter worth $32,000. FSC Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $32,000. McClarren Financial Advisors Inc. grew its position in Agnico Eagle Mines by 684.6% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock valued at $41,000 after buying an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its stake in Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock valued at $48,000 after buying an additional 350 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEM. Scotiabank increased 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. Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. UBS Group started coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective on the stock. TD Securities boosted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of "Moderate Buy" and an average target price of $86.78.

Agnico Eagle Mines Trading Up 2.4 %

Shares of NYSE:AEM traded up $1.79 during midday trading on Thursday, reaching $77.78. The company's stock had a trading volume of 2,794,685 shares, compared to its average volume of 2,672,494. The business has a 50 day moving average price of $82.45 and a 200 day moving average price of $75.24. 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 1 year low of $44.37 and a 1 year high of $89.00. The firm has a market cap of $39.03 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09.

Agnico Eagle Mines 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.