What Is the Outlook for Agnico Eagle Mines Shares?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.