Y Intercept Hong Kong Ltd bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) in the first quarter, Holdings Channel reports. The firm bought 56,962 shares of the mining company’s stock, valued at approximately $11,562,000.
Several other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG grew its stake in shares of Agnico Eagle Mines by 12.2% in the first quarter. Leonteq Securities AG now owns 9,202 shares of the mining company’s stock worth $1,868,000 after acquiring an additional 1,001 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Agnico Eagle Mines in the first quarter valued at $1,908,000. Livet Wealth LLC purchased a new position in Agnico Eagle Mines in the first quarter valued at $205,000. Keybank National Association OH boosted its holdings in Agnico Eagle Mines by 15.5% in the first quarter. Keybank National Association OH now owns 5,330 shares of the mining company’s stock valued at $1,082,000 after purchasing an additional 716 shares during the period. Finally, Fulton Bank N.A. grew its stake in Agnico Eagle Mines by 16.7% during the 1st quarter. Fulton Bank N.A. now owns 1,400 shares of the mining company’s stock worth $284,000 after purchasing an additional 200 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.
Agnico Eagle Mines Stock Down 0.7%
AEM stock opened at $153.80 on Friday. The company has a market cap of $78.06 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 3.39 and a beta of 0.60. The company has a fifty day moving average price of $175.55 and a 200 day moving average price of $193.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. Agnico Eagle Mines Limited has a 12 month low of $115.19 and a 12 month high of $255.24.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Barclays assumed coverage on shares of Agnico Eagle Mines in a research note on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $232.75.
Read Our Latest Report on Agnico Eagle Mines
Agnico Eagle Mines Profile
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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