Robinson Value Management Ltd. Lowers Position in Agnico Eagle Mines Limited (NYSE:AEM)

Robinson Value Management Ltd. cut its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 22.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,553 shares of the mining company’s stock after selling 447 shares during the period. Robinson Value Management Ltd.’s holdings in Agnico Eagle Mines were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AEM. AQR Capital Management LLC lifted its holdings in Agnico Eagle Mines by 23.3% in the second quarter. AQR Capital Management LLC now owns 13,017 shares of the mining company’s stock worth $851,000 after buying an additional 2,464 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Agnico Eagle Mines during the second quarter valued at approximately $678,000. Diversified Trust Co bought a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $235,000. Dynamic Advisor Solutions LLC increased its stake in shares of Agnico Eagle Mines by 13.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,829 shares of the mining company’s stock valued at $308,000 after purchasing an additional 454 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. bought a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $289,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Down 0.6 %

AEM opened at $98.34 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The stock has a market cap of $49.39 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The firm’s fifty day moving average is $85.07 and its 200 day moving average is $82.35. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $100.07.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Scotiabank raised their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.50.

About Agnico Eagle Mines

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.