GSA Capital Partners LLP Acquires 10,516 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

GSA Capital Partners LLP grew its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 132.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,472 shares of the mining company's stock after buying an additional 10,516 shares during the period. GSA Capital Partners LLP's holdings in Agnico Eagle Mines were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC increased its stake in shares of Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock valued at $26,000 after buying an additional 363 shares during the period. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at about $32,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the second quarter valued at about $32,000. McClarren Financial Advisors Inc. grew its stake in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after purchasing an additional 445 shares during the period. Finally, WASHINGTON TRUST Co grew its stake in Agnico Eagle Mines by 92.1% during 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 period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Up 2.7 %

NYSE:AEM traded up $2.07 on Thursday, hitting $78.06. The stock had a trading volume of 1,998,489 shares, compared to its average volume of 2,668,892. The business's fifty day moving average is $82.45 and its 200 day moving average is $75.24. The company has a market cap of $39.17 billion, a PE ratio of 38.00, a P/E/G ratio of 0.67 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. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group assumed coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a "buy" rating and a $95.00 target price for the company. Jefferies Financial Group raised their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. TD Securities raised their target price 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. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Finally, Scotiabank raised 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $86.78.

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.