Avanza Fonder AB Acquires Shares of 43,123 Agnico Eagle Mines Limited (NYSE:AEM)

Avanza Fonder AB acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,123 shares of the mining company’s stock, valued at approximately $3,373,000.

Several other institutional investors also recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth approximately $89,000. Caldwell Investment Management Ltd. boosted its stake in shares of Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Agnico Eagle Mines by 46.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,961 shares of the mining company’s stock worth $153,000 after acquiring an additional 620 shares during the last quarter. Finally, Rockland Trust Co. acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth approximately $308,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price target 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.13.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $85.12 on Friday. The stock’s fifty day moving average is $81.70 and its two-hundred day moving average is $80.22. The firm has a market capitalization of $42.72 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00.

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.