Lmcg Investments LLC Boosts Position in Agnico Eagle Mines Limited (NYSE:AEM)

Lmcg Investments LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,097 shares of the mining company’s stock after acquiring an additional 2,710 shares during the period. Agnico Eagle Mines comprises 1.0% of Lmcg Investments LLC’s holdings, making the stock its 26th biggest position. Lmcg Investments LLC’s holdings in Agnico Eagle Mines were worth $16,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $29,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter worth about $32,000. Abich Financial Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the second quarter worth about $32,000. Finally, McClarren Financial Advisors Inc. raised its position in Agnico Eagle Mines by 684.6% during 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.

Agnico Eagle Mines Stock Up 1.1 %

Agnico Eagle Mines stock opened at $85.12 on Tuesday. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. The stock has a market capitalization of $42.75 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. 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 business has a 50 day simple moving average of $81.84 and a 200-day simple moving average of $80.53.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target 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.