2,780 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. bought a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,780 shares of the mining company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the second quarter worth about $2,595,000. Tidal Investments LLC increased its stake in Agnico Eagle Mines by 87.8% in the 1st quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock worth $1,195,000 after purchasing an additional 9,628 shares during the period. M&G Plc bought a new stake in Agnico Eagle Mines in the second quarter valued at approximately $1,802,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Agnico Eagle Mines during the second quarter valued at approximately $7,084,000. Finally, Gunderson Capital Management Inc. bought a new position in shares of Agnico Eagle Mines in the third quarter worth approximately $3,583,000. 68.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AEM. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group increased their target price on shares of 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 raised their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock 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 price target for the company. Finally, Scotiabank lifted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Down 1.1 %

AEM stock opened at $76.76 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The company has a market capitalization of $38.51 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.09. The business’s 50 day moving average price is $82.43 and its two-hundred day moving average price is $75.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

About Agnico Eagle Mines

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.