Wilmington Savings Fund Society FSB Invests $1.82 Million in Agnico Eagle Mines Limited (NYSE:AEM)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,572 shares of the mining company's stock, valued at approximately $1,818,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEM. Continuum Advisory LLC lifted its stake in shares of Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock valued at $26,000 after acquiring an additional 363 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter valued at approximately $32,000. FSC Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the third quarter worth $32,000. McClarren Financial Advisors Inc. raised its holdings in Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock valued at $41,000 after buying an additional 445 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in Agnico Eagle Mines during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective on the stock. Scotiabank increased 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. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $86.78.

Agnico Eagle Mines Stock Down 1.7 %

Shares of AEM stock traded down $1.49 during mid-day trading on Friday, reaching $83.72. 1,907,368 shares of the company's stock traded hands, compared to its average volume of 2,594,177. The company's 50-day moving average price is $83.38 and its 200-day moving average price is $77.63. The company has a market cap of $42.02 billion, a P/E ratio of 41.86, a P/E/G ratio of 0.68 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00.

About Agnico Eagle Mines

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.