This afternoon we watched Agnico Eagle Mines rise 2.1% to a price of $48.83 per share. The large-cap Silver company is now trading -25.2% below its average target price of $65.27. Analysts have set target prices ranging from $55.0 to $72.0 per share for Agnico Eagle Mines, and have given the stock an average rating of buy.
Agnico Eagle Mines's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.6%. The stock's short ratio is 2.53. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 67.3%. In conclusion, we believe there is mixed market sentiment regarding Agnico Eagle Mines.
Institutions Invested in Agnico Eagle Mines
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Van Eck Associates Corporation | 4% | 21,063,883 | $1,028,444,103 |
| 2023-09-30 | FIL LTD | 3% | 17,275,332 | $843,468,098 |
| 2023-09-30 | Vanguard Group Inc | 3% | 17,224,538 | $840,988,080 |
| 2023-09-30 | Royal Bank of Canada | 3% | 15,736,022 | $768,311,286 |
| 2023-09-30 | Massachusetts Financial Services Co. | 3% | 13,794,968 | $673,539,323 |
| 2023-09-30 | Deutsche Bank Aktiengesellschaft | 3% | 13,177,528 | $643,392,814 |
| 2023-09-30 | Bank of Montreal/Can/ | 2% | 10,400,608 | $507,809,693 |
| 2023-09-30 | Mackenzie Financial Corporation | 2% | 9,770,139 | $477,027,044 |
| 2023-09-30 | Capital World Investors | 2% | 8,655,279 | $422,594,003 |
| 2023-09-30 | Manufacturers Life Insurance Co. | 2% | 8,380,993 | $409,201,989 |
