Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.0% in the fourth quarter, HoldingsChannel reports. The fund owned 8,487 shares of the mining company’s stock after selling 1,152 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Agnico Eagle Mines were worth $664,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after buying an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after acquiring an additional 817,240 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Agnico Eagle Mines by 262.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after purchasing an additional 767,912 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after acquiring an additional 591,178 shares during the period. Finally, National Bank of Canada FI boosted its stake in Agnico Eagle Mines by 7.4% during the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after buying an additional 285,565 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.13.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $85.12 on Tuesday. The firm has a market cap of $42.75 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. The stock’s fifty day moving average price is $81.84 and its two-hundred day moving average price is $80.53.

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.