Captrust Financial Advisors grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,316 shares of the mining company’s stock after purchasing an additional 349 shares during the quarter. Captrust Financial Advisors’ holdings in Agnico Eagle Mines were worth $428,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bridgewater Associates LP boosted its stake in Agnico Eagle Mines by 123.2% in the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after purchasing an additional 112,712 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Agnico Eagle Mines by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after purchasing an additional 32,991 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in Agnico Eagle Mines in the third quarter worth $655,000. Citigroup Inc. boosted its stake in Agnico Eagle Mines by 84.4% in the third quarter. Citigroup Inc. now owns 182,142 shares of the mining company’s stock worth $14,689,000 after purchasing an additional 83,387 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Agnico Eagle Mines by 0.6% in the third quarter. Swiss National Bank now owns 1,506,558 shares of the mining company’s stock worth $121,558,000 after purchasing an additional 9,400 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on AEM shares. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. UBS Group began coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. 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 report on Monday, August 19th. Finally, Royal Bank of Canada increased their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.78.
Get Our Latest Stock Analysis on Agnico Eagle Mines
Agnico Eagle Mines Stock Down 2.4 %
AEM stock opened at $85.24 on Friday. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company has a market cap of $42.80 billion, a price-to-earnings ratio of 42.62, a P/E/G ratio of 0.65 and a beta of 1.07. The business has a 50 day moving average price of $83.28 and a two-hundred day moving average price of $77.52. 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 Profile
(Free Report)
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.
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