Penserra Capital Management LLC Acquires 6,146 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Penserra Capital Management LLC increased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14,633.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,188 shares of the mining company’s stock after buying 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 Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AEM. Continuum Advisory LLC raised its position 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 worth $26,000 after acquiring an additional 363 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Agnico Eagle Mines in the second quarter worth about $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter valued at about $32,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Agnico Eagle Mines by 684.6% in 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 in the last quarter. Finally, WASHINGTON TRUST Co grew its position in shares of Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after buying an additional 350 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

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

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $83.54 on Thursday. The firm has a market capitalization of $41.94 billion, a P/E ratio of 41.77, a PEG ratio of 0.70 and a beta of 1.09. The stock has a 50-day simple moving average of $82.70 and a two-hundred day simple moving average of $76.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week 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.