3,705 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Fiduciary Family Office LLC

Fiduciary Family Office LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,705 shares of the mining company’s stock, valued at approximately $290,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in Agnico Eagle Mines in the fourth quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $29,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth approximately $32,000. Abich Financial Wealth Management LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $32,000. Finally, McClarren Financial Advisors Inc. grew its position in Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $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.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AEM. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Scotiabank raised their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.50.

Agnico Eagle Mines Stock Up 0.7 %

NYSE:AEM opened at $89.23 on Thursday. The company has a market capitalization of $44.82 billion, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The stock has a 50-day simple moving average of $82.34 and a 200 day simple moving average of $80.73. 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 one year low of $44.37 and a one year high of $90.49.

About Agnico Eagle Mines

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.