Caprock Group LLC Buys Shares of 139,975 Agnico Eagle Mines Limited $AEM

Caprock Group LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 139,975 shares of the mining company’s stock, valued at approximately $23,594,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. TD Waterhouse Canada Inc. lifted its position in Agnico Eagle Mines by 13.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock worth $192,951,000 after acquiring an additional 134,147 shares during the period. Ninety One UK Ltd raised its stake in shares of Agnico Eagle Mines by 386.5% in the third quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock worth $31,703,000 after purchasing an additional 149,506 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Agnico Eagle Mines by 1,560.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock worth $8,205,000 after purchasing an additional 45,746 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth about $23,958,000. Finally, Addenda Capital Inc. boosted its position in Agnico Eagle Mines by 2.3% in the third quarter. Addenda Capital Inc. now owns 724,231 shares of the mining company’s stock valued at $122,076,000 after buying an additional 15,965 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Citigroup raised their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. UBS Group restated a “neutral” rating and set a $240.00 target price on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $185.00 to $205.00 in a research report on Wednesday, December 10th. Finally, Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $230.64.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $211.77 on Wednesday. The stock has a market capitalization of $106.03 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 0.51 and a beta of 0.63. Agnico Eagle Mines Limited has a twelve month low of $92.11 and a twelve month high of $225.00. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $186.93 and a 200 day moving average of $166.28.

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.