Washington Capital Management Inc. Sells 1,675 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Washington Capital Management Inc. reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,515 shares of the mining company’s stock after selling 1,675 shares during the period. Agnico Eagle Mines makes up approximately 1.4% of Washington Capital Management Inc.’s portfolio, making the stock its 8th biggest holding. Washington Capital Management Inc.’s holdings in Agnico Eagle Mines were worth $1,839,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden lifted its holdings in Agnico Eagle Mines by 8.9% during the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after purchasing an additional 16,000 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Agnico Eagle Mines by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 8,626 shares of the mining company’s stock worth $726,000 after acquiring an additional 294 shares during the period. Lebenthal Global Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $335,000. Union Bancaire Privee UBP SA purchased a new position in Agnico Eagle Mines in the fourth quarter worth approximately $602,000. Finally, Fifth Third Bancorp lifted its stake in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $90.02 on Thursday. The business has a 50 day moving average price of $83.30 and a 200 day moving average price of $81.32. The company has a market capitalization of $45.21 billion, a P/E ratio of 45.01, a PEG ratio of 0.60 and a beta of 1.08. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $91.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of 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 increased their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note 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 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 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.