ASB Consultores LLC Invests $234,000 in Agnico Eagle Mines Limited (NYSE:AEM)

ASB Consultores LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 2,910 shares of the mining company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norden Group LLC grew its holdings in shares of Agnico Eagle Mines by 67.5% during the 1st quarter. Norden Group LLC now owns 7,353 shares of the mining company’s stock valued at $439,000 after purchasing an additional 2,963 shares during the last quarter. Private Advisor Group LLC raised its holdings in Agnico Eagle Mines by 10.6% during the first quarter. Private Advisor Group LLC now owns 11,189 shares of the mining company’s stock worth $667,000 after buying an additional 1,073 shares during the last quarter. Financial Counselors Inc. grew its stake in shares of Agnico Eagle Mines by 11.2% in the 1st quarter. Financial Counselors Inc. now owns 5,716 shares of the mining company’s stock worth $341,000 after acquiring an additional 576 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Agnico Eagle Mines in the 1st quarter worth $878,000. Finally, Staley Capital Advisers Inc. grew its stake in shares of Agnico Eagle Mines by 149.0% in the 1st quarter. Staley Capital Advisers Inc. now owns 63,500 shares of the mining company’s stock worth $3,788,000 after acquiring an additional 38,000 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.1 %

Shares of AEM opened at $85.82 on Wednesday. The firm’s 50 day simple moving average is $82.38 and its 200 day simple moving average is $74.46. The company has a market capitalization of $43.06 billion, a P/E ratio of 42.91, a P/E/G ratio of 0.74 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00.

Analyst Ratings Changes

Several analysts have recently issued reports on AEM shares. TD Securities upped their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. 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. CIBC increased their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Finally, UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.78.

About Agnico Eagle Mines

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.