Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Buys Shares of 85,000 Agnico Eagle Mines Limited (NYSE:AEM)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 85,000 shares of the mining company's stock, valued at approximately $6,847,000. Agnico Eagle Mines makes up 0.9% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management's investment portfolio, making the stock its 28th biggest holding.

Other hedge funds have also bought and sold shares of the company. Continuum Advisory LLC increased its stake in Agnico Eagle Mines by 1,134.4% during 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 acquired a new position in Agnico Eagle Mines during the 2nd quarter valued at approximately $32,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter valued at approximately $32,000. McClarren Financial Advisors Inc. increased its stake in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after acquiring an additional 445 shares during the period. Finally, WASHINGTON TRUST Co increased its stake in shares of Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock worth $48,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

AEM traded down $1.69 on Friday, reaching $83.84. 1,990,111 shares of the company's stock were exchanged, compared to its average volume of 2,447,188. The stock has a market cap of $42.07 billion, a PE ratio of 41.92, a P/E/G ratio of 0.72 and a beta of 1.09. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The stock's fifty day moving average price is $82.60 and its 200-day moving average price is $74.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. TD Securities increased their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Scotiabank increased their price objective on shares of 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 objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Finally, UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.