Agnico Eagle Mines Limited (NYSE:AEM) Holdings Boosted by Huntington National Bank

Huntington National Bank grew its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 261.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,424 shares of the mining company’s stock after purchasing an additional 1,030 shares during the quarter. Huntington National Bank’s holdings in Agnico Eagle Mines were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Regal Partners Ltd grew its stake in Agnico Eagle Mines by 36.4% during the 3rd quarter. Regal Partners Ltd now owns 169,448 shares of the mining company’s stock worth $13,651,000 after buying an additional 45,262 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at $2,330,000. Kovack Advisors Inc. bought a new position in shares of Agnico Eagle Mines during the third quarter worth about $224,000. Saturna Capital Corp increased its holdings in shares of Agnico Eagle Mines by 6.0% in the 3rd quarter. Saturna Capital Corp now owns 24,689 shares of the mining company’s stock worth $1,989,000 after acquiring an additional 1,393 shares during the period. Finally, MQS Management LLC bought a new stake in Agnico Eagle Mines in the 3rd quarter valued at about $1,336,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on AEM shares. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. Scotiabank raised their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, TD Securities upped their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $76.76 on Monday. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $82.43 and a two-hundred day moving average of $75.50. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 0.67 and a beta of 1.09.

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.