Black Swift Group LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Black Swift Group LLC bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,500 shares of the mining company’s stock, valued at approximately $685,000.

Other large investors have also bought and sold shares of the company. Sapient Capital LLC increased its stake in Agnico Eagle Mines by 1.3% in the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after buying an additional 145 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Agnico Eagle Mines by 2.2% during the second 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 last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of Agnico Eagle Mines by 0.3% during 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 boosted its stake 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 valued at $3,248,000 after purchasing an additional 190 shares during the period. Finally, Baader Bank Aktiengesellschaft raised its position in Agnico Eagle Mines by 4.8% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock valued at $269,000 after purchasing an additional 192 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Securities raised their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Scotiabank raised their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, UBS Group began coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Stock Up 0.2 %

Shares of Agnico Eagle Mines stock traded up $0.15 on Thursday, hitting $76.14. The company had a trading volume of 375,586 shares, compared to its average volume of 2,661,219. 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 firm has a market capitalization of $38.20 billion, a P/E ratio of 38.00, a P/E/G ratio of 0.67 and a beta of 1.09. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The stock has a 50-day moving average of $82.45 and a 200-day moving average of $75.24.

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.