Louisbourg Investments Inc. Has $2.56 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Louisbourg Investments Inc. increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 32,700 shares of the mining company’s stock after purchasing an additional 1,700 shares during the period. Louisbourg Investments Inc.’s holdings in Agnico Eagle Mines were worth $2,557,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines in the 4th quarter worth $29,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth $32,000. Fifth Third Bancorp lifted its position in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares during the last quarter. Finally, McClarren Financial Advisors Inc. boosted its holdings 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 valued at $41,000 after acquiring an additional 445 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Finally, Scotiabank raised their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.75.

Agnico Eagle Mines Trading Down 2.1 %

Shares of AEM stock opened at $98.42 on Wednesday. The firm has a fifty day moving average of $85.67 and a 200-day moving average of $82.78. The stock has a market cap of $49.43 billion, a price-to-earnings ratio of 49.21, a P/E/G ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $101.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

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.