Agnico Eagle Mines Limited (NYSE:AEM) is Caldwell Investment Management Ltd.’s 5th Largest Position

Caldwell Investment Management Ltd. lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,700 shares of the mining company’s stock after purchasing an additional 9,400 shares during the quarter. Agnico Eagle Mines accounts for approximately 4.6% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 5th largest position. Caldwell Investment Management Ltd.’s holdings in Agnico Eagle Mines were worth $6,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in Agnico Eagle Mines by 46.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,961 shares of the mining company’s stock worth $153,000 after buying an additional 620 shares during the last quarter. Rockland Trust Co. bought a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $308,000. Pinnacle Wealth Management Group Inc. lifted its position in Agnico Eagle Mines by 0.5% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock valued at $1,909,000 after purchasing an additional 125 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $156,000. Finally, Miracle Mile Advisors LLC raised its holdings in shares of Agnico Eagle Mines by 11.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 3,281 shares of the mining company’s stock valued at $257,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AEM shares. Jefferies Financial Group upped 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. UBS Group started coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.13.

Agnico Eagle Mines Trading Up 0.2 %

NYSE AEM opened at $84.09 on Wednesday. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. The stock has a market cap of $42.20 billion, a P/E ratio of 42.05, a P/E/G ratio of 0.68 and a beta of 1.08. The stock’s fifty day moving average price is $81.72 and its 200-day moving average price is $79.90. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

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.