Mediolanum International Funds Ltd Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Mediolanum International Funds Ltd purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, Holdings Channel reports. The firm purchased 9,061 shares of the mining company’s stock, valued at approximately $702,000.

A number of other institutional investors have also made changes to their positions in the company. Forsta AP Fonden increased its holdings in shares of Agnico Eagle Mines by 8.9% in the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after acquiring an additional 16,000 shares during the last quarter. Perigon Wealth Management LLC grew its stake in Agnico Eagle Mines by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 8,626 shares of the mining company’s stock worth $726,000 after buying an additional 294 shares during the last quarter. Lebenthal Global Advisors LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth $335,000. Union Bancaire Privee UBP SA bought a new position in Agnico Eagle Mines during the 4th quarter worth $602,000. Finally, Fifth Third Bancorp grew its stake in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank upped their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines Trading Down 1.5 %

Shares of Agnico Eagle Mines stock opened at $93.05 on Monday. 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 firm has a market cap of $46.73 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The business has a fifty day simple moving average of $83.69 and a 200-day simple moving average of $81.61. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $95.38.

Agnico Eagle Mines Company Profile

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.