Polar Securities INC Boosted Agnico Eagle Mines LTD (Call) (AEM) Position by $7.70 Million; Market Value Rose

Agnico Eagle Mines Limited (NYSE:AEM) Logo

Polar Securities Inc increased its stake in Agnico Eagle Mines Ltd (Call) (AEM) by 75.5% based on its latest 2019Q2 regulatory filing with the SEC. Polar Securities Inc bought 151,000 shares as the company’s stock rose 27.55% . The institutional investor held 351,000 shares of the precious metals company at the end of 2019Q2, valued at $17.99M, up from 200,000 at the end of the previous reported quarter. Polar Securities Inc who had been investing in Agnico Eagle Mines Ltd (Call) for a number of months, seems to be bullish on the $13.20 billion market cap company. The stock decreased 2.12% or $1.2 during the last trading session, reaching $55.39. About 2.08M shares traded or 29.79% up from the average. Agnico Eagle Mines Limited (NYSE:AEM) has risen 24.54% since September 13, 2018 and is uptrending. It has outperformed by 24.54% the S&P500.

Polar Securities Inc, which manages about $5.35 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (Call) (SPY) by 2.25 million shares to 100,000 shares, valued at $29.30M in 2019Q2, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 2.35M shares in the quarter, leaving it with 4,700 shares, and cut its stake in Lumentum Hldgs Inc.

More notable recent Agnico Eagle Mines Limited (NYSE:AEM) news were published by: Seekingalpha.com which released: “Agnico Eagle – 2019 Will Be The Harvesting Year – Seeking Alpha” on February 20, 2019, also Finance.Yahoo.com with their article: “How Many Agnico Eagle Mines Limited (NYSE:AEM) Shares Do Institutions Own? – Yahoo Finance” published on July 15, 2019, Investorplace.com published: “8 Precious Metals Stocks to Mine For – Investorplace.com” on August 30, 2019. More interesting news about Agnico Eagle Mines Limited (NYSE:AEM) were released by: Finance.Yahoo.com and their article: “Is Agnico Eagle Mines Limited (NYSE:AEM) A Strong Dividend Stock? – Yahoo Finance” published on May 15, 2019 as well as Finance.Yahoo.com‘s news article titled: “6 Metals and Mining Stocks Gurus Agree On – Yahoo Finance” with publication date: August 27, 2019.

Agnico Eagle Mines Limited (NYSE:AEM) Ratings Coverage

Among 2 analysts covering Agnico Eagle Mines (NYSE:AEM), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Agnico Eagle Mines has $6400 highest and $59 lowest target. $61.50’s average target is 11.03% above currents $55.39 stock price. Agnico Eagle Mines had 10 analyst reports since April 9, 2019 according to SRatingsIntel. Citigroup maintained Agnico Eagle Mines Limited (NYSE:AEM) on Wednesday, September 11 with “Neutral” rating. IBC maintained the shares of AEM in report on Sunday, June 23 with “Buy” rating.

Agnico Eagle Mines Limited (NYSE:AEM) Ratings Chart

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