MML Investors Services LLC Purchases Shares of 3,130 Agnico Eagle Mines Limited (NYSE:AEM)

MML Investors Services LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,130 shares of the mining company’s stock, valued at approximately $252,000.

A number of other large investors have also recently made changes to their positions in AEM. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the 3rd quarter worth about $32,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $32,000. McClarren Financial Advisors Inc. raised its stake in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after purchasing an additional 445 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the third quarter valued at approximately $58,000. Finally, Huntington National Bank boosted its position in shares of Agnico Eagle Mines by 261.4% during the third quarter. Huntington National Bank now owns 1,424 shares of the mining company’s stock valued at $115,000 after buying an additional 1,030 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Down 0.1 %

Shares of AEM stock opened at $78.73 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $39.51 billion, a P/E ratio of 39.37, a PEG ratio of 0.68 and a beta of 1.07. The company has a 50 day moving average of $83.30 and a 200-day moving average of $78.37. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00.

Wall Street Analysts Forecast Growth

AEM has been the topic of several recent analyst reports. UBS Group began coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Company 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.