Aigen Investment Management LP Purchases Shares of 7,529 Agnico Eagle Mines Limited (NYSE:AEM)

Aigen Investment Management LP purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, Holdings Channel reports. The firm purchased 7,529 shares of the mining company’s stock, valued at approximately $607,000.

Other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC grew its position in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after acquiring an additional 363 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at $32,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at $32,000. McClarren Financial Advisors Inc. lifted its stake 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 valued at $41,000 after acquiring an additional 445 shares during the period. Finally, WASHINGTON TRUST Co lifted its stake 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 valued at $48,000 after acquiring an additional 350 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Down 1.5 %

NYSE:AEM opened at $75.99 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The company has a market cap of $38.13 billion, a PE ratio of 38.00, a PEG ratio of 0.67 and a beta of 1.09. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The stock has a 50-day simple moving average of $82.45 and a 200 day simple moving average of $75.24.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research reports. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Scotiabank upped 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. UBS Group started coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. Royal Bank of Canada increased their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, TD Securities increased their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.78.

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.