Lebenthal Global Advisors LLC Makes New $335,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Lebenthal Global Advisors LLC bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,287 shares of the mining company’s stock, valued at approximately $335,000.

Several other large investors also recently modified their holdings of AEM. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $29,000. FSC Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the third quarter valued at approximately $32,000. Fifth Third Bancorp raised its holdings in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares in the last quarter. Finally, McClarren Financial Advisors Inc. raised its stake in 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 acquiring an additional 445 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $89.45 on Tuesday. 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 52-week low of $44.37 and a 52-week high of $90.49. The business’s 50 day moving average price is $83.01 and its two-hundred day moving average price is $81.15. The firm has a market cap of $44.93 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AEM shares. Scotiabank upped their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

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.