Bleakley Financial Group LLC Raises Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Bleakley Financial Group LLC grew its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,455 shares of the mining company’s stock after buying an additional 815 shares during the period. Bleakley Financial Group LLC’s holdings in Agnico Eagle Mines were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kercheville Advisors LLC grew its position in Agnico Eagle Mines by 1.3% in the fourth quarter. Kercheville Advisors LLC now owns 114,611 shares of the mining company’s stock worth $8,964,000 after acquiring an additional 1,431 shares during the period. Choreo LLC lifted its stake in shares of Agnico Eagle Mines by 13.0% in the 4th quarter. Choreo LLC now owns 16,034 shares of the mining company’s stock valued at $1,250,000 after purchasing an additional 1,842 shares during the last quarter. Tectonic Advisors LLC lifted its stake in shares of Agnico Eagle Mines by 0.8% in the 4th quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock valued at $1,771,000 after purchasing an additional 185 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Agnico Eagle Mines by 2.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,712 shares of the mining company’s stock worth $838,000 after purchasing an additional 241 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Agnico Eagle Mines by 4.9% during the 4th quarter. Jennison Associates LLC now owns 611,530 shares of the mining company’s stock worth $47,828,000 after purchasing an additional 28,592 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AEM shares. Scotiabank upped their target price on shares of 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. 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $98.34 on Monday. The company has a market cap of $49.39 billion, a P/E ratio of 49.17, a PEG ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $100.07. 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’s 50 day moving average price is $85.07 and its 200 day moving average price is $82.41.

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.