Quattro Financial Advisors LLC Boosts Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Quattro Financial Advisors LLC lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 61.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,505 shares of the mining company’s stock after purchasing an additional 8,147 shares during the period. Quattro Financial Advisors LLC’s holdings in Agnico Eagle Mines were worth $1,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its holdings 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 buying an additional 4,562,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Agnico Eagle Mines by 16.1% in 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 acquiring an additional 817,240 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Agnico Eagle Mines by 7.4% in the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after acquiring an additional 285,565 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Agnico Eagle Mines by 17.1% during the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after purchasing an additional 591,178 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Agnico Eagle Mines by 8.6% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.6 %

Shares of AEM opened at $98.34 on Friday. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $100.07. The firm has a market capitalization of $49.39 billion, a P/E ratio of 49.17, a P/E/G ratio of 0.62 and a beta of 1.10. The firm has a 50-day moving average price of $85.07 and a 200 day moving average price of $82.30. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

Several brokerages have issued reports on AEM. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.