Compound Global Advisors LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Compound Global Advisors LLC bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the mining company’s stock, valued at approximately $782,000. Agnico Eagle Mines accounts for about 3.2% of Compound Global Advisors LLC’s portfolio, making the stock its 9th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines in the 4th quarter worth about $29,000. FSC Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the third quarter worth approximately $32,000. Fifth Third Bancorp boosted its holdings in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the period. Finally, McClarren Financial Advisors Inc. boosted its holdings in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after purchasing an additional 445 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AEM shares. Scotiabank lifted their target price on 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. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines Trading Up 2.1 %

Shares of NYSE:AEM opened at $100.46 on Tuesday. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $101.45. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $50.46 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 0.66 and a beta of 1.10. The business has a 50-day moving average price of $85.42 and a 200-day moving average price of $82.60.

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.