Quattro Financial Advisors LLC Buys 8,147 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Quattro Financial Advisors LLC lifted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 61.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,505 shares of the mining company's stock after buying 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 SEC filing.

Several other large investors have also recently modified their holdings of AEM. FMR LLC increased its holdings in Agnico Eagle Mines by 43.5% during the 3rd 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 period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 16.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock worth $474,660,000 after purchasing an additional 817,240 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Agnico Eagle Mines by 262.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company's stock valued at $85,413,000 after acquiring an additional 767,912 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Agnico Eagle Mines by 17.1% in 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 acquiring an additional 591,178 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in Agnico Eagle Mines by 7.4% in 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 acquiring an additional 285,565 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $1.15 during midday trading on Wednesday, hitting $99.52. The company had a trading volume of 3,327,788 shares, compared to its average volume of 1,980,012. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a market cap of $49.99 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $101.45. The company has a fifty day moving average of $85.95 and a two-hundred day moving average of $82.89.

Analyst Ratings Changes

Several equities analysts recently issued reports on AEM shares. Jefferies Financial Group upped their price objective 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. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.75.

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.