Healthcare of Ontario Pension Plan Trust Fund Buys 19,542 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 18.0% during the third quarter, Holdings Channel.com reports. The firm owned 127,842 shares of the mining company’s stock after acquiring an additional 19,542 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Agnico Eagle Mines were worth $10,298,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter worth $2,595,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after purchasing an additional 32,991 shares during the period. Tidal Investments LLC lifted its holdings in shares of Agnico Eagle Mines by 87.8% during the first quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock worth $1,195,000 after purchasing an additional 9,628 shares during the period. M&G Plc acquired a new position in shares of Agnico Eagle Mines during the second quarter worth $1,802,000. Finally, Swiss National Bank lifted its holdings in shares of Agnico Eagle Mines by 0.6% during the third quarter. Swiss National Bank now owns 1,506,558 shares of the mining company’s stock worth $121,558,000 after purchasing an additional 9,400 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.7 %

NYSE:AEM opened at $83.55 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The firm has a 50-day moving average of $82.74 and a 200-day moving average of $76.35. The company has a market cap of $41.95 billion, a PE ratio of 41.78, a PEG ratio of 0.70 and a beta of 1.09. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEM. 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 report on Monday, August 19th. Royal Bank of Canada boosted their target price 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. UBS Group began coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, TD Securities boosted their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.