HB Wealth Management LLC Invests $208,000 in Agnico Eagle Mines Limited (NYSE:AEM)

HB Wealth Management LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,662 shares of the mining company’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after acquiring an additional 32,991 shares during the last quarter. Bridgewater Associates LP boosted its position in shares of Agnico Eagle Mines by 123.2% in the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after buying an additional 112,712 shares in the last quarter. Caldwell Investment Management Ltd. lifted its holdings 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 valued at $6,812,000 after purchasing an additional 9,400 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Agnico Eagle Mines by 14.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after purchasing an additional 29,106 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Agnico Eagle Mines by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after purchasing an additional 178,999 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 1.2 %

Shares of Agnico Eagle Mines stock opened at $89.80 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $90.49. The business’s fifty day moving average is $82.82 and its two-hundred day moving average is $80.99. 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 $45.10 billion, a PE ratio of 44.90, a P/E/G ratio of 0.60 and a beta of 1.08.

Analysts Set New Price Targets

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

Get Our Latest Analysis on AEM

Agnico Eagle Mines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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