Rockland Trust Co. Invests $308,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Rockland Trust Co. bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,940 shares of the mining company's stock, valued at approximately $308,000.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at about $26,000. FSC Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines in the 3rd quarter valued at about $32,000. Abich Financial Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at about $32,000. McClarren Financial Advisors Inc. lifted its position in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after acquiring an additional 445 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in Agnico Eagle Mines during the third quarter worth approximately $48,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price objective on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Moderate Buy" and an average price target of $89.13.

Agnico Eagle Mines Stock Performance

Shares of AEM traded down $0.20 during mid-day trading on Thursday, hitting $84.14. 1,347,299 shares of the company's stock were exchanged, compared to its average volume of 1,476,480. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The stock's 50-day simple moving average is $81.70 and its 200-day simple moving average is $80.06. The firm has a market cap of $42.23 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

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.