Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 84.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,142 shares of the mining company's stock after acquiring an additional 83,387 shares during the period. Citigroup Inc.'s holdings in Agnico Eagle Mines were worth $14,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Sapient Capital LLC raised its holdings in shares of Agnico Eagle Mines by 1.3% during the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company's stock worth $886,000 after acquiring an additional 145 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Agnico Eagle Mines by 2.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company's stock worth $472,000 after acquiring an additional 158 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of Agnico Eagle Mines by 0.3% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company's stock worth $4,043,000 after acquiring an additional 189 shares during the period. Lombard Odier Asset Management Europe Ltd raised its holdings in shares of Agnico Eagle Mines by 0.4% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company's stock worth $3,248,000 after acquiring an additional 190 shares during the period. Finally, Baader Bank Aktiengesellschaft raised its holdings in shares of Agnico Eagle Mines by 4.8% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company's stock worth $269,000 after acquiring an additional 192 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AEM shares. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, October 4th. UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective for the company. TD Securities raised their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Scotiabank raised their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Finally, 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Trading Down 0.7 %

NYSE AEM traded down $0.56 during trading on Thursday, hitting $83.55. The stock had a trading volume of 1,682,864 shares, compared to its average volume of 2,646,990. The company has a market capitalization of $41.95 billion, a PE ratio of 41.78, a PEG ratio of 0.70 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $82.74 and a 200 day moving average price of $76.35. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00.

About Agnico Eagle Mines

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.