208,340 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. acquired a new position 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 208,340 shares of the mining company's stock, valued at approximately $16,785,000.

Several other large investors have also added to or reduced their stakes in the stock. Continuum Advisory LLC lifted its holdings 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 worth $26,000 after buying an additional 363 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Agnico Eagle Mines in the 2nd quarter valued at $32,000. FSC Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at $32,000. McClarren Financial Advisors Inc. increased its holdings 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 purchasing an additional 445 shares during the period. Finally, WASHINGTON TRUST Co raised its position 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 buying an additional 350 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 0.1 %

Shares of AEM stock traded up $0.09 during trading hours on Monday, reaching $85.89. The company's stock had a trading volume of 1,454,957 shares, compared to its average volume of 2,658,733. The company has a current ratio of 1.75, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $43.09 billion, a P/E ratio of 42.95, a P/E/G ratio of 0.76 and a beta of 1.09. The firm's fifty day simple moving average is $82.30 and its 200 day simple moving average is $74.30. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00.

Analysts Set New Price Targets

Several analysts have weighed in on AEM shares. Scotiabank raised their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. TD Securities upped their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. 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 target on the stock. Finally, CIBC upped their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.