BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $85.41 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 262.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,060,402 shares of the mining company’s stock after buying an additional 767,912 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.21% of Agnico Eagle Mines worth $85,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Continuum Advisory LLC boosted its holdings in 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 acquiring an additional 363 shares during the period. FSC Wealth Advisors LLC bought a new stake in Agnico Eagle Mines during the 3rd quarter valued at approximately $32,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter valued at approximately $32,000. McClarren Financial Advisors Inc. grew its holdings 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 buying an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its position in Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after buying an additional 350 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 1.1 %

NYSE:AEM opened at $84.50 on Friday. 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 Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The stock’s fifty day simple moving average is $82.78 and its 200-day simple moving average is $76.40. The firm has a market capitalization of $42.42 billion, a P/E ratio of 42.25, a P/E/G ratio of 0.65 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Securities raised their price objective 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. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada increased their target price 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. UBS Group started coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. Finally, Scotiabank lifted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.78.

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.