JCIC Asset Management Inc. Buys New Stake in Agnico Eagle Mines Limited (NYSE:AEM)

JCIC Asset Management Inc. acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 82,385 shares of the mining company’s stock, valued at approximately $6,441,000. Agnico Eagle Mines comprises 2.6% of JCIC Asset Management Inc.’s portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in AEM. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Abich Financial Wealth Management LLC purchased a new position in Agnico Eagle Mines during the 2nd quarter worth $32,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth about $32,000. McClarren Financial Advisors Inc. grew its holdings in shares of 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 buying an additional 445 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in Agnico Eagle Mines during the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded down $1.92 during trading on Monday, hitting $82.38. 893,654 shares of the stock were exchanged, compared to its average volume of 1,496,897. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The company has a market cap of $41.35 billion, a PE ratio of 41.19, a P/E/G ratio of 0.68 and a beta of 1.08. The company has a fifty day moving average price of $81.79 and a two-hundred day moving average price of $79.78. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

AEM has been the topic of several analyst reports. UBS Group assumed coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. Jefferies Financial Group increased their price target 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 investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.13.

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.