Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,506,558 shares of the mining company’s stock after buying an additional 9,400 shares during the quarter. Swiss National Bank owned approximately 0.30% of Agnico Eagle Mines worth $121,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its stake in Agnico Eagle Mines by 1,134.4% in the second 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 last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter worth approximately $32,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter worth approximately $32,000. McClarren Financial Advisors Inc. raised its stake 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 worth $41,000 after purchasing an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its stake in shares of Agnico Eagle Mines by 92.1% during the second 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 last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 4.2 %

Agnico Eagle Mines stock opened at $80.01 on Tuesday. 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 $40.17 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The stock’s fifty day moving average is $82.47 and its two-hundred day moving average is $75.60.

Wall Street Analyst Weigh In

Several research firms have recently commented on AEM. TD Securities upped their price target 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. Jefferies Financial Group upped their price target 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. UBS Group assumed coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. Scotiabank upped their price objective 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. Finally, Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines 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.