Agnico Eagle Mines Limited (NYSE:AEM) is Euro Pacific Asset Management LLC’s Largest Position

Euro Pacific Asset Management LLC decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 543,262 shares of the mining company’s stock after selling 49,605 shares during the period. Agnico Eagle Mines comprises approximately 9.3% of Euro Pacific Asset Management LLC’s portfolio, making the stock its biggest holding. Euro Pacific Asset Management LLC owned 0.11% of Agnico Eagle Mines worth $43,014,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after purchasing an additional 331 shares during the period. Fiduciary Family Office LLC bought a new stake in Agnico Eagle Mines during the 4th quarter valued at $290,000. Janney Montgomery Scott LLC raised its holdings in Agnico Eagle Mines by 6.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 51,695 shares of the mining company’s stock valued at $4,043,000 after acquiring an additional 3,059 shares during the period. Perfromance Wealth Partners LLC lifted its position in shares of Agnico Eagle Mines by 104.3% during the fourth quarter. Perfromance Wealth Partners LLC now owns 11,353 shares of the mining company’s stock worth $888,000 after acquiring an additional 5,795 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Agnico Eagle Mines by 13.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,840 shares of the mining company’s stock worth $535,000 after acquiring an additional 804 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Agnico Eagle Mines Trading Up 1.2 %

Shares of Agnico Eagle Mines stock opened at $89.80 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $90.49. The firm has a market cap of $45.10 billion, a PE ratio of 44.90, a PEG ratio of 0.60 and a beta of 1.08. The company has a 50 day simple moving average of $82.82 and a two-hundred day simple moving average of $80.92.

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.