Caldwell Investment Management Ltd. cut its position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,200 shares of the mining company’s stock after selling 11,500 shares during the quarter. Agnico Eagle Mines accounts for 5.0% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 5th biggest holding. Caldwell Investment Management Ltd.’s holdings in Agnico Eagle Mines were worth $8,104,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. Red Cedar Investment Management LLC grew its position in Agnico Eagle Mines by 17.3% during the fourth quarter. Red Cedar Investment Management LLC now owns 38,341 shares of the mining company’s stock worth $6,500,000 after buying an additional 5,668 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in Agnico Eagle Mines by 30.7% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,702 shares of the mining company’s stock worth $458,000 after buying an additional 634 shares in the last quarter. Marks Group Wealth Management Inc grew its position in Agnico Eagle Mines by 125.3% during the fourth quarter. Marks Group Wealth Management Inc now owns 8,470 shares of the mining company’s stock worth $1,436,000 after buying an additional 4,711 shares in the last quarter. Cerity Partners LLC grew its position in Agnico Eagle Mines by 9.4% during the fourth quarter. Cerity Partners LLC now owns 46,653 shares of the mining company’s stock worth $7,909,000 after buying an additional 3,992 shares in the last quarter. Finally, LPL Financial LLC grew its position in Agnico Eagle Mines by 12.1% during the fourth quarter. LPL Financial LLC now owns 400,520 shares of the mining company’s stock worth $67,900,000 after buying an additional 43,315 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.
Agnico Eagle Mines Stock Down 1.5%
NYSE AEM opened at $159.65 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $192.71 and its two-hundred day moving average is $194.65. The company has a market capitalization of $79.90 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 3.57 and a beta of 0.56. Agnico Eagle Mines Limited has a 1-year low of $114.60 and a 1-year high of $255.24.
Analyst Ratings Changes
A number of research firms recently weighed in on AEM. Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Barclays assumed coverage on Agnico Eagle Mines in a report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price objective on the stock. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.08.
View Our Latest Stock Report on Agnico Eagle Mines
About Agnico Eagle Mines
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
Further Reading
- Five stocks we like better than Agnico Eagle Mines
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM).
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.
