Plato Investment Management Ltd Raises Holdings in Agnico Eagle Mines Limited $AEM

Plato Investment Management Ltd grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 27.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,489 shares of the mining company’s stock after purchasing an additional 4,156 shares during the period. Plato Investment Management Ltd’s holdings in Agnico Eagle Mines were worth $3,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after buying an additional 331 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after acquiring an additional 5,293 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Agnico Eagle Mines by 57.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock valued at $379,000 after acquiring an additional 1,160 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the second quarter worth approximately $25,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the second quarter valued at approximately $205,000. 68.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEM has been the topic of several research reports. Raymond James Financial restated an “outperform” rating and issued a $225.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Citigroup raised their price target on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Scotiabank lifted their price objective on Agnico Eagle Mines from $219.00 to $276.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Jefferies Financial Group set a $189.00 target price on Agnico Eagle Mines in a report on Sunday, December 7th. Finally, Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $230.64.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $196.86 on Friday. The business’s fifty day moving average is $185.34 and its 200 day moving average is $164.83. Agnico Eagle Mines Limited has a fifty-two week low of $92.11 and a fifty-two week high of $225.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12. The company has a market capitalization of $98.56 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 0.48 and a beta of 0.63.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.