Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14,633.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,188 shares of the mining company’s stock after purchasing an additional 6,146 shares during the period. Penserra Capital Management LLC’s holdings in Agnico Eagle Mines were worth $498,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC lifted its stake 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 in the last quarter. Abich Financial Wealth Management LLC acquired a new position 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 valued at approximately $32,000. McClarren Financial Advisors Inc. boosted its stake in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its position in shares of Agnico Eagle Mines by 92.1% during the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

AEM has been the topic of several recent research reports. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. TD Securities upped their price objective 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. Jefferies Financial Group raised their target price 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 upped their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Price Performance

AEM stock opened at $83.54 on Thursday. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The business has a fifty day moving average of $82.70 and a two-hundred day moving average of $76.30. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 0.70 and a beta of 1.09. 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

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.