28,925 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Bought by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,925 shares of the mining company’s stock, valued at approximately $2,330,000.

Other institutional investors have also modified their holdings of the company. Kovack Advisors Inc. acquired a new position in shares of Agnico Eagle Mines during the 3rd quarter worth about $224,000. Saturna Capital Corp increased its stake in Agnico Eagle Mines by 6.0% during the 3rd quarter. Saturna Capital Corp now owns 24,689 shares of the mining company’s stock worth $1,989,000 after buying an additional 1,393 shares in the last quarter. MQS Management LLC purchased a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $1,336,000. Aigen Investment Management LP acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $607,000. Finally, GSA Capital Partners LLP lifted its position in shares of Agnico Eagle Mines by 132.2% in the third quarter. GSA Capital Partners LLP now owns 18,472 shares of the mining company’s stock valued at $1,488,000 after acquiring an additional 10,516 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 1.5 %

Shares of Agnico Eagle Mines stock opened at $75.99 on Thursday. 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 debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The firm has a market capitalization of $38.13 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 0.67 and a beta of 1.09. The stock has a 50 day moving average of $82.45 and a 200 day moving average of $75.24.

Analysts Set New Price Targets

Several analysts recently commented on AEM shares. UBS Group began 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. Royal Bank of Canada increased their price objective 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. Scotiabank boosted their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, TD Securities boosted their price objective 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of $86.78.

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.