Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Beacon Financial Group

Beacon Financial Group decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,611 shares of the mining company’s stock after selling 1,558 shares during the quarter. Beacon Financial Group’s holdings in Agnico Eagle Mines were worth $1,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines during the 4th quarter valued at about $29,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the third quarter worth about $32,000. Fifth Third Bancorp lifted its holdings in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares in the last quarter. Finally, McClarren Financial Advisors Inc. grew its position in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after purchasing an additional 445 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AEM shares. Jefferies Financial Group lifted their price objective 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. Scotiabank boosted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.75.

Agnico Eagle Mines Stock Down 2.1 %

Shares of NYSE:AEM opened at $98.42 on Wednesday. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $101.45. The stock’s 50-day moving average price is $85.67 and its two-hundred day moving average price is $82.78. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a market cap of $49.43 billion, a price-to-earnings ratio of 49.21, a PEG ratio of 0.66 and a beta of 1.10.

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.