This evening we watched Agnico Eagle Mines drop -1.7% to a price of $50.3 per share. The large-cap Silver company is now trading -23.93% below its average target price of $66.12. Analysts have set target prices ranging from $55.0 to $75.0 per share for Agnico Eagle Mines, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.5%, and a short ratio of 4.29. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 70.4% of Agnico Eagle Mines's shares being owned by this investor type.
Institutions Invested in Agnico Eagle Mines
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Van Eck Associates Corporation | 4% | 21,063,883 | $1,059,513,298 |
| 2023-09-30 | FIL LTD | 3% | 17,275,332 | $868,949,186 |
| 2023-09-30 | Vanguard Group Inc | 3% | 17,224,538 | $866,394,248 |
| 2023-09-30 | Royal Bank of Canada | 3% | 15,736,022 | $791,521,894 |
| 2023-09-30 | Massachusetts Financial Services Co. | 3% | 13,794,968 | $693,886,879 |
| 2023-09-30 | Deutsche Bank Aktiengesellschaft | 3% | 13,177,528 | $662,829,648 |
| 2023-09-30 | Bank of Montreal/Can/ | 2% | 10,400,608 | $523,150,574 |
| 2023-09-30 | Mackenzie Financial Corporation | 2% | 9,770,139 | $491,437,984 |
| 2023-09-30 | Capital World Investors | 2% | 8,655,279 | $435,360,527 |
| 2023-09-30 | Manufacturers Life Insurance Co. | 2% | 8,380,993 | $421,563,941 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Agnico Eagle Mines.
