2,661 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,661 shares of the mining company’s stock, valued at approximately $208,000.

A number of other institutional investors also recently modified their holdings of the stock. Pinnacle Wealth Management Group Inc. boosted its position in Agnico Eagle Mines by 0.5% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock valued at $1,909,000 after purchasing an additional 125 shares during the last quarter. Diversify Wealth Management LLC raised its stake in shares of Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock worth $569,000 after purchasing an additional 141 shares in the last quarter. Sapient Capital LLC boosted its holdings in shares of Agnico Eagle Mines by 1.3% in the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after buying an additional 145 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock worth $51,000 after acquiring an additional 165 shares during the period. Finally, Evanson Asset Management LLC boosted its position in shares of Agnico Eagle Mines by 5.2% in the third quarter. Evanson Asset Management LLC now owns 4,023 shares of the mining company’s stock valued at $324,000 after acquiring an additional 200 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 2.1 %

Agnico Eagle Mines stock opened at $94.86 on Tuesday. The firm has a 50 day moving average price of $83.95 and a 200-day moving average price of $81.76. 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 $96.73. The company has a market capitalization of $47.64 billion, a P/E ratio of 47.43, a P/E/G ratio of 0.62 and a beta of 1.10.

Analysts Set New Price Targets

Several brokerages have weighed in on AEM. Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. 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 research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average target price of $90.50.

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.