Royal Fund Management LLC Grows Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Royal Fund Management LLC raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,388 shares of the mining company’s stock after acquiring an additional 405 shares during the quarter. Royal Fund Management LLC’s holdings in Agnico Eagle Mines were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AEM. Pinnacle Wealth Management Group Inc. increased its stake in shares of Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after purchasing an additional 125 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after buying an additional 141 shares during the last quarter. Sapient Capital LLC grew its holdings in Agnico Eagle Mines by 1.3% during the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after buying an additional 145 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock worth $51,000 after acquiring an additional 165 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd lifted its position in shares of Agnico Eagle Mines by 0.4% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock valued at $3,248,000 after acquiring an additional 190 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lifted their price objective on 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 research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.13.

Agnico Eagle Mines Stock Up 1.1 %

AEM stock opened at $85.12 on Tuesday. The company has a market capitalization of $42.75 billion, a P/E ratio of 42.56, a PEG ratio of 0.56 and a beta of 1.08. The firm has a 50 day simple moving average of $81.84 and a 200-day simple moving average of $80.53. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00.

Agnico Eagle Mines 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.