Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 18.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,842 shares of the mining company's stock after acquiring an additional 19,542 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Agnico Eagle Mines were worth $10,298,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC raised its position in shares of Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock worth $474,660,000 after buying an additional 817,240 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Agnico Eagle Mines by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company's stock valued at $326,571,000 after buying an additional 591,178 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Agnico Eagle Mines by 10.3% during the second quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company's stock valued at $382,720,000 after acquiring an additional 546,542 shares during the period. Finally, Progeny 3 Inc. bought a new position in shares of Agnico Eagle Mines during the second quarter worth about $18,151,000. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

AEM stock traded up $0.95 during trading hours on Friday, hitting $84.50. 889,636 shares of the stock traded hands, compared to its average volume of 2,639,384. The stock has a 50-day simple moving average of $82.78 and a 200 day simple moving average of $76.40. The company has a market cap of $42.42 billion, a P/E ratio of 42.26, a P/E/G ratio of 0.65 and a beta of 1.09. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AEM. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. 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 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. Royal Bank of Canada boosted their price target 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. Finally, Jefferies Financial Group raised their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. One 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 has an average rating of "Moderate Buy" and an average 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.