GSA Capital Partners LLP Boosts Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

GSA Capital Partners LLP boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 132.2% during the 3rd quarter, according to its most recent 13F filing 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 quarter. GSA Capital Partners LLP's holdings in Agnico Eagle Mines were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI increased its position in Agnico Eagle Mines by 27.9% in the 1st quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company's stock valued at $239,051,000 after buying an additional 874,920 shares in the last quarter. TD Asset Management Inc increased its position in Agnico Eagle Mines by 10.3% in the 2nd quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company's stock valued at $382,720,000 after buying an additional 546,542 shares in the last quarter. Progeny 3 Inc. bought a new stake in Agnico Eagle Mines in the 2nd quarter valued at about $18,151,000. Canada Pension Plan Investment Board increased its position in Agnico Eagle Mines by 14.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,966,837 shares of the mining company's stock valued at $128,617,000 after buying an additional 252,300 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Agnico Eagle Mines by 4.1% in the 2nd quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company's stock valued at $397,657,000 after buying an additional 237,347 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded up $2.07 during trading 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. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $89.00. 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 stock's 50 day moving average is $82.45 and its two-hundred day moving average is $75.24. The stock has a market cap of $39.17 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09.

Analyst Ratings Changes

A number of analysts recently commented on AEM shares. TD Securities boosted their target price 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. UBS Group assumed coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective for the company. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Finally, Scotiabank boosted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.78.

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.