Forsta AP Fonden Has $15.26 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Forsta AP Fonden raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 195,100 shares of the mining company’s stock after buying an additional 16,000 shares during the quarter. Forsta AP Fonden’s holdings in Agnico Eagle Mines were worth $15,256,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AEM. Perigon Wealth Management LLC raised its position in Agnico Eagle Mines by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 8,626 shares of the mining company’s stock valued at $726,000 after buying an additional 294 shares during the last quarter. Lebenthal Global Advisors LLC purchased a new stake in Agnico Eagle Mines in the 4th quarter valued at $335,000. Union Bancaire Privee UBP SA purchased a new stake in Agnico Eagle Mines in the 4th quarter valued at $602,000. Fifth Third Bancorp raised its position in Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after buying an additional 260 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 0.1 %

Shares of NYSE:AEM opened at $90.02 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a market capitalization of $45.21 billion, a PE ratio of 45.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $91.30. The business has a fifty day moving average price of $83.30 and a two-hundred day moving average price of $81.32.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group upped their price objective 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target 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.