World Investment Advisors LLC Buys Shares of 4,453 Agnico Eagle Mines Limited (NYSE:AEM)

World Investment Advisors LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the third quarter, HoldingsChannel.com reports. The fund purchased 4,453 shares of the mining company’s stock, valued at approximately $359,000.

Other large investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines during the second quarter worth $32,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the 3rd quarter worth $32,000. McClarren Financial Advisors Inc. lifted its position in shares of Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after buying an additional 445 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in Agnico Eagle Mines in the third quarter valued at about $48,000. Finally, FSA Wealth Management LLC bought a new position in Agnico Eagle Mines in the third quarter valued at about $58,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AEM. Royal Bank of Canada increased their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $77.76 on Thursday. The stock has a market cap of $39.03 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 0.68 and a beta of 1.07. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company’s fifty day moving average is $83.53 and its 200 day moving average is $77.95. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

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.