Capital Performance Advisors LLP Acquires Shares of 2,619 Agnico Eagle Mines Limited (NYSE:AEM)

Capital Performance Advisors LLP bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,619 shares of the mining company’s stock, valued at approximately $211,000.

Several other hedge funds have also modified their holdings of AEM. Continuum Advisory LLC boosted its position in 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 buying an additional 363 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the second quarter valued at about $32,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter worth about $32,000. McClarren Financial Advisors Inc. grew its holdings in shares of Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after buying an additional 445 shares in the last quarter. Finally, WASHINGTON TRUST Co raised its position in Agnico Eagle Mines by 92.1% in the 2nd 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 last quarter. 68.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AEM has been the subject of a number of recent research reports. Jefferies Financial Group raised 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 note on Friday, October 4th. Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. UBS Group started coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. TD Securities upped their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, 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 research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Performance

NYSE AEM traded down $1.80 during trading on Friday, reaching $83.73. The company’s stock had a trading volume of 368,339 shares, compared to its average volume of 2,653,796. The firm has a 50 day moving average price of $82.56 and a 200 day moving average price of $74.75. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. The firm has a market capitalization of $42.01 billion, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 0.74 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines 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.