Wilmington Savings Fund Society FSB Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Wilmington Savings Fund Society FSB bought a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,572 shares of the mining company’s stock, valued at approximately $1,818,000.

A number of other large investors have also recently made changes to their positions in AEM. Continuum Advisory LLC boosted its position in shares of Agnico Eagle Mines by 1,134.4% during 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 period. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $32,000. FSC Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at $32,000. McClarren Financial Advisors Inc. grew its position in Agnico Eagle Mines by 684.6% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after acquiring an additional 445 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in Agnico Eagle Mines in the third quarter worth $48,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AEM shares. UBS Group initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price for the company. Scotiabank upped their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $83.72 on Friday. The firm has a 50 day moving average of $83.38 and a 200 day moving average of $77.63. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.07. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00.

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.