GSA Capital Partners LLP Grows Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

GSA Capital Partners LLP raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 132.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,472 shares of the mining company’s stock after purchasing an additional 10,516 shares during the period. GSA Capital Partners LLP’s holdings in Agnico Eagle Mines were worth $1,488,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AEM. National Bank of Canada FI boosted its holdings in Agnico Eagle Mines by 27.9% in the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock valued at $239,051,000 after purchasing an additional 874,920 shares during the last quarter. TD Asset Management Inc raised its position in shares of Agnico Eagle Mines by 10.3% in the 2nd quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company’s stock valued at $382,720,000 after purchasing an additional 546,542 shares in the last quarter. Progeny 3 Inc. purchased a new position in shares of Agnico Eagle Mines during the 2nd quarter valued at approximately $18,151,000. Canada Pension Plan Investment Board grew its position in shares of Agnico Eagle Mines by 14.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,966,837 shares of the mining company’s stock worth $128,617,000 after buying an additional 252,300 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Agnico Eagle Mines by 4.1% in the second quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company’s stock worth $397,657,000 after buying an additional 237,347 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AEM shares. TD Securities increased their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price objective on 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 lifted their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. UBS Group initiated coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. Finally, Scotiabank boosted their target price on shares of 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Stock Down 1.5 %

AEM stock opened at $75.99 on Thursday. The stock has a market cap of $38.13 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09. 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 fifty-two week low of $44.37 and a fifty-two week high of $89.00. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

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.