Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 123.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,168 shares of the mining company’s stock after purchasing an additional 112,712 shares during the quarter. Bridgewater Associates LP’s holdings in Agnico Eagle Mines were worth $16,448,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AEM. Continuum Advisory LLC boosted its holdings in shares of 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 during the period. Abich Financial Wealth Management LLC acquired a new position in Agnico Eagle Mines in the second quarter valued at approximately $32,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $32,000. McClarren Financial Advisors Inc. grew its holdings 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 purchasing an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its position in shares of Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after purchasing an additional 350 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $83.54 on Thursday. The stock’s 50 day moving average price is $82.70 and its 200 day moving average price is $76.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 0.70 and a beta of 1.09. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Scotiabank boosted their price objective on 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. TD Securities boosted their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. UBS Group started coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.78.

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.