Lebenthal Global Advisors LLC Invests $335,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Lebenthal Global Advisors LLC bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,287 shares of the mining company's stock, valued at approximately $335,000.

Several other large investors also recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock valued at $474,660,000 after acquiring an additional 817,240 shares during the period. National Bank of Canada FI lifted its stake in shares of Agnico Eagle Mines by 7.4% during 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 buying an additional 285,565 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 buying an additional 591,178 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 valued at $183,491,000 after buying an additional 178,999 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on AEM shares. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. Scotiabank raised 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, January 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.50.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded up $0.47 during trading hours on Tuesday, reaching $89.94. 1,501,172 shares of the stock were exchanged, compared to its average volume of 1,643,110. The stock has a market cap of $45.18 billion, a P/E ratio of 44.97, a P/E/G ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $90.49. The firm's 50 day moving average is $83.16 and its 200 day moving average is $81.26.

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.