Fiduciary Family Office LLC Takes $290,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Fiduciary Family Office LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,705 shares of the mining company’s stock, valued at approximately $290,000.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines in the 4th quarter worth about $29,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the second quarter valued at approximately $32,000. FSC Wealth Advisors LLC bought a new stake in shares of Agnico Eagle Mines during the third quarter valued at approximately $32,000. Finally, McClarren Financial Advisors Inc. boosted its position in shares of Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after buying an additional 445 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on AEM shares. Scotiabank lifted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday. Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.50.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $89.23 on Thursday. 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 business’s 50-day moving average price is $82.34 and its 200 day moving average price is $80.73. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $90.49. The firm has a market cap of $44.82 billion, a P/E ratio of 44.62, a PEG ratio of 0.59 and a beta of 1.08.

About Agnico Eagle Mines

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.