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

Tobam lowered its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 41.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,533 shares of the mining company’s stock after selling 6,857 shares during the period. Tobam’s holdings in Agnico Eagle Mines were worth $746,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at $29,000. FSC Wealth Advisors LLC bought a new position in Agnico Eagle Mines during the 3rd quarter valued at $32,000. Fifth Third Bancorp boosted its stake in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after acquiring an additional 260 shares during the last quarter. Finally, McClarren Financial Advisors Inc. grew its holdings in Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

AEM has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of 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 increased their target price 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $98.97 on Friday. The company has a market cap of $49.71 billion, a P/E ratio of 49.48, a PEG ratio of 0.62 and a beta of 1.10. The business has a 50 day moving average of $84.79 and a two-hundred day moving average of $82.14. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $99.70. 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 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.