Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Kercheville Advisors LLC

Kercheville Advisors LLC lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 114,611 shares of the mining company’s stock after purchasing an additional 1,431 shares during the period. Agnico Eagle Mines comprises approximately 3.5% of Kercheville Advisors LLC’s portfolio, making the stock its 9th largest holding. Kercheville Advisors LLC’s holdings in Agnico Eagle Mines were worth $8,964,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AEM. FMR LLC grew its position in Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 16.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after buying an additional 817,240 shares during the period. National Bank of Canada FI increased its position in Agnico Eagle Mines by 7.4% in the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after acquiring an additional 285,565 shares during the period. The Manufacturers Life Insurance Company raised its stake in Agnico Eagle Mines by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after acquiring an additional 591,178 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Agnico Eagle Mines by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after acquiring an additional 178,999 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 3.1 %

NYSE AEM opened at $98.58 on Thursday. The company has a market capitalization of $49.51 billion, a P/E ratio of 49.29, a PEG ratio of 0.62 and a beta of 1.10. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $99.70. 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’s 50 day simple moving average is $84.49 and its 200 day simple moving average is $82.02.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AEM shares. Scotiabank lifted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

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.