139,975 Shares in Agnico Eagle Mines Limited $AEM Bought by Caprock Group LLC

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Agnico Eagle Mines in the 2nd quarter worth about $938,644,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Agnico Eagle Mines by 38.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock valued at $987,398,000 after buying an additional 2,319,131 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Agnico Eagle Mines by 48.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,528,022 shares of the mining company’s stock worth $538,506,000 after buying an additional 1,474,385 shares during the period. Invesco Ltd. lifted its stake in shares of Agnico Eagle Mines by 53.1% during the 2nd quarter. Invesco Ltd. now owns 4,164,046 shares of the mining company’s stock worth $495,230,000 after acquiring an additional 1,444,746 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Agnico Eagle Mines during the 2nd quarter valued at $134,059,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $211.77 on Wednesday. The stock’s 50-day moving average is $186.93 and its 200 day moving average is $166.28. Agnico Eagle Mines Limited has a 1-year low of $92.11 and a 1-year high of $225.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31. The company has a market cap of $106.03 billion, a P/E ratio of 30.92, a PEG ratio of 0.51 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Agnico Eagle Mines in a research note on Thursday, January 29th. They issued a “neutral” rating and a $248.00 target price on the stock. Citigroup upped their price target 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. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $185.00 to $205.00 in a report on Wednesday, December 10th. Scotiabank upped their target price on shares of Agnico Eagle Mines from $219.00 to $276.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, UBS Group reaffirmed a “neutral” rating and set a $240.00 target price on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Four research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $230.64.

About Agnico Eagle Mines

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.