AlTi Global Inc. Purchases Shares of 8,991 Agnico Eagle Mines Limited $AEM

AlTi Global Inc. acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,991 shares of the mining company’s stock, valued at approximately $1,516,000.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC increased its holdings in Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after buying an additional 74 shares during the period. MCF Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at about $34,000. Ameritas Advisory Services LLC acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $25,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 0.9%

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating and set a $240.00 price target on shares of Agnico Eagle Mines in a research note on Friday, January 30th. Weiss Ratings cut Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Jefferies Financial Group set a $189.00 price target on Agnico Eagle Mines in a report on Sunday, December 7th. Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $185.00 to $205.00 in a report on Wednesday, December 10th. Finally, Citigroup increased their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $230.64.

Agnico Eagle Mines Company 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.