Thurston Springer Miller Herd & Titak Inc. Acquires 620 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 46.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,961 shares of the mining company’s stock after purchasing an additional 620 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Agnico Eagle Mines were worth $153,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bridgewater Associates LP grew its position in Agnico Eagle Mines by 123.2% in the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after acquiring an additional 112,712 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after purchasing an additional 32,991 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Agnico Eagle Mines by 14.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock worth $18,223,000 after purchasing an additional 29,106 shares in the last quarter. Geode Capital Management LLC increased its position in Agnico Eagle Mines by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after purchasing an additional 178,999 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in Agnico Eagle Mines in the 3rd quarter valued at approximately $655,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

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

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $84.14 on Friday. The stock has a market cap of $42.23 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 0.56 and a beta of 1.08. 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 Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company’s fifty day moving average is $81.70 and its 200 day moving average is $80.06.

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.