Union Bancaire Privee UBP SA Makes New $602,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Union Bancaire Privee UBP SA bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,110 shares of the mining company’s stock, valued at approximately $602,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after acquiring an additional 32,991 shares in the last quarter. Bridgewater Associates LP lifted its holdings in shares of Agnico Eagle Mines by 123.2% in the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after purchasing an additional 112,712 shares in the last quarter. Caldwell Investment Management Ltd. lifted its holdings in shares of Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after purchasing an additional 9,400 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Agnico Eagle Mines by 14.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after purchasing an additional 29,106 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Agnico Eagle Mines by 8.6% in the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock valued at $183,491,000 after purchasing an additional 178,999 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AEM. Scotiabank boosted their price target on 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 boosted their price target 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Agnico Eagle Mines Stock Performance

AEM opened at $89.94 on Wednesday. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $90.49. The firm has a market capitalization of $45.18 billion, a PE ratio of 44.97, a PEG ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The business’s 50-day simple moving average is $83.16 and its 200 day simple moving average is $81.26.

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.