Triasima Portfolio Management inc. Grows Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Triasima Portfolio Management inc. grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,100 shares of the mining company's stock after acquiring an additional 6,250 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Agnico Eagle Mines were worth $4,309,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock worth $474,660,000 after buying 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% 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 during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in 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 acquiring an additional 591,178 shares during the period. Finally, Geode Capital Management LLC grew its position in 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 worth $183,491,000 after acquiring an additional 178,999 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Down 1.6 %

AEM stock traded down $1.63 during trading on Tuesday, reaching $98.88. The company had a trading volume of 1,291,014 shares, compared to its average volume of 1,892,184. 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 52 week low of $44.37 and a 52 week high of $101.45. The business has a 50 day moving average of $85.42 and a 200 day moving average of $82.60. The company has a market cap of $49.66 billion, a P/E ratio of 49.49, a PEG ratio of 0.66 and a beta of 1.10.

Wall Street Analyst Weigh In

Several analysts have weighed in on AEM shares. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday. Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group boosted their price objective 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of "Moderate Buy" and a consensus price target of $92.75.

Agnico Eagle Mines Company 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.