Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Makes New $6.85 Million Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 85,000 shares of the mining company’s stock, valued at approximately $6,847,000. Agnico Eagle Mines makes up approximately 0.9% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings, making the stock its 28th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Sapient Capital LLC grew its position in Agnico Eagle Mines by 1.3% during the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after acquiring an additional 145 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Agnico Eagle Mines by 2.2% during 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 valued at $472,000 after purchasing an additional 158 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in 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 worth $4,043,000 after purchasing an additional 189 shares during the period. Lombard Odier Asset Management Europe Ltd lifted its stake in Agnico Eagle Mines by 0.4% in 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 purchasing an additional 190 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its stake in Agnico Eagle Mines by 4.8% in the second quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock worth $269,000 after purchasing an additional 192 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Down 2.0 %

Shares of AEM traded down $1.69 during trading hours on Friday, reaching $83.84. 1,990,111 shares of the company traded hands, compared to its average volume of 2,447,188. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. 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 company’s fifty day moving average price is $82.60 and its two-hundred day moving average price is $74.98. The company has a market capitalization of $42.07 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 0.72 and a beta of 1.09.

Analyst Upgrades and Downgrades

AEM has been the topic of several analyst reports. Royal Bank of Canada lifted 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. UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. TD Securities upped their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Scotiabank increased their price target on shares of 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines 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.