Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Caprock Group LLC

Caprock Group LLC increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.6% during the fourth quarter, HoldingsChannel reports. The fund owned 137,807 shares of the mining company’s stock after buying an additional 838 shares during the period. Caprock Group LLC’s holdings in Agnico Eagle Mines were worth $10,778,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AEM. FMR LLC boosted its stake in shares of Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after acquiring an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Agnico Eagle Mines by 16.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after purchasing an additional 817,240 shares in the last quarter. National Bank of Canada FI increased its position in shares of Agnico Eagle Mines by 7.4% in the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after buying an additional 285,565 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after buying an additional 591,178 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Agnico Eagle Mines by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock valued at $183,491,000 after acquiring an additional 178,999 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $94.50 on Friday. The stock has a fifty day moving average price of $83.52 and a 200 day moving average price of $81.41. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $94.96. The firm has a market capitalization of $47.47 billion, a P/E ratio of 47.25, a PEG ratio of 0.60 and a beta of 1.08. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

AEM has been the topic of several recent research reports. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.