Baader Bank Aktiengesellschaft Lowers Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Baader Bank Aktiengesellschaft lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 30.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,000 shares of the mining company’s stock after selling 1,756 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Agnico Eagle Mines were worth $313,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank lifted 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 report on Tuesday, January 21st. 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 research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

Agnico Eagle Mines Price Performance

AEM stock opened at $94.38 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 firm has a market cap of $47.40 billion, a P/E ratio of 47.19, a P/E/G ratio of 0.60 and a beta of 1.08. The firm’s fifty day moving average is $83.52 and its 200 day moving average is $81.41. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $94.77.

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.