Healthcare of Ontario Pension Plan Trust Fund Has $10.30 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 18.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,842 shares of the mining company’s stock after purchasing an additional 19,542 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Agnico Eagle Mines were worth $10,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Agnico Eagle Mines by 16.1% in the 3rd 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 purchasing an additional 817,240 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after acquiring an additional 591,178 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Agnico Eagle Mines by 10.3% in the 2nd quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company’s stock worth $382,720,000 after acquiring an additional 546,542 shares in the last quarter. Finally, Progeny 3 Inc. acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $18,151,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on AEM shares. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. 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 report on Friday, August 2nd. 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 research report on Monday, August 19th. UBS Group assumed coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price for the company. Finally, Royal Bank of Canada increased 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $83.55 on Friday. The company’s 50 day simple moving average is $82.74 and its 200 day simple moving average is $76.35. The stock has a market capitalization of $41.95 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth 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. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year 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.