Dynamic Technology Lab Private Ltd Grows Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Dynamic Technology Lab Private Ltd grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 252.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,214 shares of the mining company’s stock after buying an additional 18,767 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Agnico Eagle Mines were worth $2,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AEM. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Agnico Eagle Mines by 16.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after buying an additional 817,240 shares during the period. TD Asset Management Inc lifted its position in shares of Agnico Eagle Mines by 10.3% during the second quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company’s stock worth $382,720,000 after acquiring an additional 546,542 shares in the last quarter. Progeny 3 Inc. bought a new position in shares of Agnico Eagle Mines in the second quarter worth $18,151,000. Canada Pension Plan Investment Board grew its position in shares of Agnico Eagle Mines by 14.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,966,837 shares of the mining company’s stock valued at $128,617,000 after purchasing an additional 252,300 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Agnico Eagle Mines by 4.1% during the 2nd quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company’s stock valued at $397,657,000 after purchasing an additional 237,347 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.9 %

Shares of NYSE:AEM opened at $84.30 on Monday. The firm has a market capitalization of $42.32 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The firm has a fifty day moving average of $82.68 and a 200 day moving average of $76.09.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group raised their target price on 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 raised 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 report on Friday, August 2nd. UBS Group assumed coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price on the stock. 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 report on Tuesday, September 10th. Finally, Scotiabank upped their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus target price 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.