Creative Financial Designs Inc. ADV Boosts Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Creative Financial Designs Inc. ADV increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1,903.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,545 shares of the mining company’s stock after buying an additional 2,418 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Agnico Eagle Mines were worth $205,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AEM. Manning & Napier Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the second quarter worth approximately $2,595,000. Capital Wealth Planning LLC increased its stake in Agnico Eagle Mines by 62.3% in the first quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock valued at $156,304,000 after purchasing an additional 1,006,001 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Agnico Eagle Mines in the first quarter valued at about $878,000. Tidal Investments LLC boosted its stake in shares of Agnico Eagle Mines by 87.8% during the first quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock worth $1,195,000 after buying an additional 9,628 shares during the period. Finally, M&G Plc purchased a new position in shares of Agnico Eagle Mines during the second quarter worth about $1,802,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.6 %

Shares of NYSE AEM opened at $85.80 on Monday. The stock has a market capitalization of $43.05 billion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.09. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The firm has a 50-day moving average price of $82.30 and a 200 day moving average price of $74.22. The company has a quick ratio of 0.76, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AEM. TD Securities increased their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. UBS Group started coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada raised 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. Finally, CIBC increased their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. One 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 stock currently has an average rating of “Moderate Buy” and a consensus 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.