Black Swift Group LLC Acquires Shares of 8,500 Agnico Eagle Mines Limited (NYSE:AEM)

Black Swift Group LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,500 shares of the mining company’s stock, valued at approximately $685,000.

A number of other hedge funds have also bought and sold shares of AEM. Metis Global Partners LLC grew its holdings in shares of Agnico Eagle Mines by 16.1% during the third quarter. Metis Global Partners LLC now owns 51,899 shares of the mining company’s stock worth $4,181,000 after purchasing an additional 7,209 shares during the last quarter. Huntington National Bank increased its position in shares of Agnico Eagle Mines by 261.4% during the third quarter. Huntington National Bank now owns 1,424 shares of the mining company’s stock worth $115,000 after acquiring an additional 1,030 shares in the last quarter. Regal Partners Ltd grew its holdings in Agnico Eagle Mines by 36.4% during the third quarter. Regal Partners Ltd now owns 169,448 shares of the mining company’s stock worth $13,651,000 after buying an additional 45,262 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Agnico Eagle Mines in the 3rd quarter worth about $2,330,000. Finally, Kovack Advisors Inc. purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $224,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded up $0.15 during trading on Thursday, reaching $76.14. The company had a trading volume of 375,586 shares, compared to its average volume of 2,661,219. The firm’s 50-day simple moving average is $82.45 and its 200 day simple moving average is $75.24. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $38.20 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09.

Wall Street Analysts Forecast Growth

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