3,000 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by RiverGlades Family Offices LLC

RiverGlades Family Offices LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the mining company’s stock, valued at approximately $242,000.

Several other hedge funds also recently bought and sold shares of AEM. Manning & Napier Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the second quarter valued at approximately $2,595,000. Tidal Investments LLC increased its holdings in shares of Agnico Eagle Mines by 87.8% in the 1st quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock valued at $1,195,000 after acquiring an additional 9,628 shares during the period. M&G Plc bought a new position in shares of Agnico Eagle Mines in the 2nd quarter worth $1,802,000. Swiss National Bank boosted its position in Agnico Eagle Mines by 0.6% during the third quarter. Swiss National Bank now owns 1,506,558 shares of the mining company’s stock valued at $121,558,000 after purchasing an additional 9,400 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock valued at $474,660,000 after acquiring an additional 817,240 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank of Canada lifted their price objective 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. TD Securities increased their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their target price 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 target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Finally, UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Trading Up 2.9 %

Shares of AEM stock opened at $84.11 on Wednesday. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00. The company has a market cap of $42.23 billion, a price-to-earnings ratio of 42.06, a PEG ratio of 0.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $82.66 and a 200-day simple moving average of $76.19.

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.