Caldwell Investment Management Ltd. Has $6.81 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Caldwell Investment Management Ltd. lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,700 shares of the mining company's stock after acquiring an additional 9,400 shares during the period. Agnico Eagle Mines makes up about 4.6% of Caldwell Investment Management Ltd.'s investment portfolio, making the stock its 5th largest holding. Caldwell Investment Management Ltd.'s holdings in Agnico Eagle Mines were worth $6,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Daiwa Securities Group Inc. acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $396,000. American Century Companies Inc. boosted its holdings in Agnico Eagle Mines by 2.1% during the second quarter. American Century Companies Inc. now owns 679,236 shares of the mining company's stock worth $44,423,000 after purchasing an additional 14,010 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Agnico Eagle Mines by 1.9% in the second quarter. Envestnet Asset Management Inc. now owns 327,063 shares of the mining company's stock valued at $21,390,000 after purchasing an additional 6,043 shares in the last quarter. Lmcg Investments LLC lifted its position in Agnico Eagle Mines by 3.6% during the 2nd quarter. Lmcg Investments LLC now owns 202,249 shares of the mining company's stock worth $13,227,000 after buying an additional 6,954 shares in the last quarter. Finally, Plancorp LLC boosted its stake in shares of Agnico Eagle Mines by 5.5% during the 2nd quarter. Plancorp LLC now owns 78,814 shares of the mining company's stock worth $5,154,000 after buying an additional 4,127 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AEM. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $89.13.

Agnico Eagle Mines Stock Performance

Shares of AEM stock traded up $0.38 during trading on Wednesday, reaching $84.32. 1,204,638 shares of the company's stock were exchanged, compared to its average volume of 1,486,962. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The firm's fifty day moving average price is $81.68 and its 200-day moving average price is $80.03. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $42.32 billion, a PE ratio of 42.16, a PEG ratio of 0.68 and a beta of 1.08.

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.