Perigon Wealth Management LLC Has $726,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Perigon Wealth Management LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,626 shares of the mining company’s stock after purchasing an additional 294 shares during the quarter. Perigon Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after acquiring an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $474,660,000 after acquiring an additional 817,240 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Agnico Eagle Mines by 262.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after acquiring an additional 767,912 shares in the last quarter. The Manufacturers Life Insurance Company grew its position 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 worth $326,571,000 after acquiring an additional 591,178 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in Agnico Eagle Mines by 7.4% during 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 purchasing an additional 285,565 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEM has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Scotiabank raised their target price on shares of 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 equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $90.50.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $93.05 on Friday. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $95.38. The firm has a market capitalization of $46.73 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 0.60 and a beta of 1.08. The stock’s 50 day moving average is $83.69 and its 200-day moving average is $81.54. 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.