Decker Retirement Planning Inc. Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, Holdings Channel reports. The fund acquired 376 shares of the mining company’s stock, valued at approximately $29,000.

Several other large investors have also made changes to their positions in the business. FMR LLC increased its position in Agnico Eagle Mines by 43.5% during the third 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. boosted its holdings in Agnico Eagle Mines by 16.1% in the 3rd 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 purchasing an additional 817,240 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in 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 purchasing an additional 767,912 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of 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 purchasing an additional 591,178 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of 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 worth $334,749,000 after purchasing an additional 285,565 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.13.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $85.12 on Friday. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The firm has a market cap of $42.72 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. The firm’s 50-day simple moving average is $81.70 and its 200-day simple moving average is $80.22.

About Agnico Eagle Mines

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.