Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,700 shares of the mining company’s stock after purchasing an additional 1,700 shares during the quarter. Louisbourg Investments Inc.’s holdings in Agnico Eagle Mines were worth $2,557,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines in the fourth quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at $29,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $32,000. Fifth Third Bancorp lifted its position 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 valued at $32,000 after acquiring an additional 260 shares during the last quarter. Finally, McClarren Financial Advisors Inc. boosted its stake in shares of Agnico Eagle Mines by 684.6% during the 3rd 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. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AEM. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Finally, Scotiabank upped their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $92.75.

Agnico Eagle Mines Stock Performance

AEM stock opened at $98.42 on Wednesday. The firm has a 50 day moving average of $85.67 and a two-hundred day moving average of $82.78. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $101.45. The company has a market capitalization of $49.43 billion, a price-to-earnings ratio of 49.21, a P/E/G ratio of 0.66 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines 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.