Dynamic Technology Lab Private Ltd Has $2.11 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Dynamic Technology Lab Private Ltd raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 252.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,214 shares of the mining company’s stock after acquiring an additional 18,767 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Agnico Eagle Mines were worth $2,111,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AEM. Sapient Capital LLC raised its position in shares of Agnico Eagle Mines by 1.3% during the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock worth $886,000 after acquiring an additional 145 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Agnico Eagle Mines by 2.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company’s stock worth $472,000 after purchasing an additional 158 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of Agnico Eagle Mines by 0.3% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock valued at $4,043,000 after purchasing an additional 189 shares during the last quarter. Lombard Odier Asset Management Europe Ltd increased its position in shares of Agnico Eagle Mines by 0.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock worth $3,248,000 after buying an additional 190 shares during the period. Finally, Baader Bank Aktiengesellschaft raised its stake in Agnico Eagle Mines by 4.8% during the second quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock worth $269,000 after buying an additional 192 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 0.9 %

NYSE AEM opened at $84.30 on Monday. The business’s fifty day moving average is $82.68 and its 200-day moving average is $76.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The stock has a market capitalization of $42.32 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 0.73 and a beta of 1.09. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group began coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. 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 note on Friday, August 2nd. Scotiabank lifted 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. Finally, Jefferies Financial Group increased their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

About Agnico Eagle Mines

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.