Penserra Capital Management LLC Boosts Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Penserra Capital Management LLC lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 14,633.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,188 shares of the mining company's stock after purchasing an additional 6,146 shares during the period. Penserra Capital Management LLC's holdings in Agnico Eagle Mines were worth $498,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AEM. Continuum Advisory LLC grew its stake in shares of Agnico Eagle Mines by 1,134.4% during 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 last quarter. FSC Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at about $32,000. Abich Financial Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the second quarter worth about $32,000. McClarren Financial Advisors Inc. raised its position in Agnico Eagle Mines by 684.6% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after buying an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in Agnico Eagle Mines by 92.1% during the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock valued at $48,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AEM shares. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. TD Securities boosted their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Scotiabank increased their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Finally, UBS Group started coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.78.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down $0.56 during trading on Thursday, reaching $83.55. The company had a trading volume of 1,682,864 shares, compared to its average volume of 2,646,990. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The firm's 50-day simple moving average is $82.70 and its 200 day simple moving average is $76.30. The firm has a market capitalization of $41.95 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 0.70 and a beta of 1.09. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00.

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.