Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Tobam

Tobam lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 41.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,533 shares of the mining company’s stock after selling 6,857 shares during the quarter. Tobam’s holdings in Agnico Eagle Mines were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Group Inc. grew its holdings in shares of 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 worth $1,909,000 after buying an additional 125 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of Agnico Eagle Mines by 2.1% during the fourth 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 during the last quarter. Sapient Capital LLC grew its position in shares of Agnico Eagle Mines by 1.3% in the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after purchasing an additional 145 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock valued at $51,000 after purchasing an additional 165 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its position in Agnico Eagle Mines by 0.8% during the fourth quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock worth $1,771,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.4 %

Shares of Agnico Eagle Mines stock opened at $98.97 on Friday. The company has a fifty day moving average price of $84.79 and a 200 day moving average price of $82.14. The company has a current ratio of 1.75, a quick ratio of 0.83 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 $99.70. The stock has a market cap of $49.71 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEM. Scotiabank raised their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.50.

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.