Tectonic Advisors LLC Has $1.77 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Tectonic Advisors LLC grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,640 shares of the mining company’s stock after acquiring an additional 185 shares during the quarter. Tectonic Advisors LLC’s holdings in Agnico Eagle Mines were worth $1,771,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its stake in shares of Agnico Eagle Mines by 2.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,712 shares of the mining company’s stock worth $838,000 after purchasing an additional 241 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Agnico Eagle Mines by 4.9% during the 4th quarter. Jennison Associates LLC now owns 611,530 shares of the mining company’s stock worth $47,828,000 after purchasing an additional 28,592 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of Agnico Eagle Mines during the 4th quarter worth approximately $208,000. Golden State Equity Partners raised its stake in shares of Agnico Eagle Mines by 2,865.9% during the 4th quarter. Golden State Equity Partners now owns 2,699 shares of the mining company’s stock worth $211,000 after purchasing an additional 2,608 shares in the last quarter. Finally, Caprock Group LLC raised its stake in shares of Agnico Eagle Mines by 0.6% during the 4th quarter. Caprock Group LLC now owns 137,807 shares of the mining company’s stock worth $10,778,000 after purchasing an additional 838 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.8 %

AEM opened at $95.62 on Wednesday. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $97.01. The stock’s fifty day simple moving average is $84.18 and its 200 day simple moving average is $81.91. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The stock has a market cap of $48.03 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Scotiabank increased their price target on 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. One 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, the company has a consensus rating of “Moderate Buy” and an average price target of $90.50.

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.