Agnico Eagle Mines Limited (NYSE:AEM) is Kercheville Advisors LLC’s 9th Largest Position

Kercheville Advisors LLC grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 114,611 shares of the mining company’s stock after purchasing an additional 1,431 shares during the quarter. Agnico Eagle Mines makes up about 3.5% of Kercheville Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Kercheville Advisors LLC’s holdings in Agnico Eagle Mines were worth $8,964,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. FMR LLC grew its stake in shares of Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after buying an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Agnico Eagle Mines by 16.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after acquiring an additional 817,240 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Agnico Eagle Mines by 262.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after purchasing an additional 767,912 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after purchasing an additional 591,178 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Agnico Eagle Mines by 7.4% during the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after purchasing an additional 285,565 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AEM. Scotiabank increased their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of $90.50.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $98.58 on Thursday. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $99.70. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The stock has a market cap of $49.51 billion, a P/E ratio of 49.29, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The stock has a 50 day moving average of $84.49 and a 200-day moving average of $82.02.

Agnico Eagle Mines 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.