Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 96.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,786 shares of the mining company’s stock after selling 176,402 shares during the period. Cambiar Investors LLC’s holdings in Agnico Eagle Mines were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its holdings in shares of Agnico Eagle Mines by 138.5% in the 3rd quarter. Ritholtz Wealth Management now owns 8,072 shares of the mining company’s stock valued at $650,000 after buying an additional 4,687 shares during the period. Sapient Capital LLC lifted its holdings in Agnico Eagle Mines by 1.3% in the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after acquiring an additional 145 shares during the period. Creative Planning boosted its position in Agnico Eagle Mines by 28.7% in the 3rd quarter. Creative Planning now owns 37,876 shares of the mining company’s stock worth $3,051,000 after purchasing an additional 8,456 shares in the last quarter. Generate Investment Management Ltd grew its stake in shares of Agnico Eagle Mines by 57.0% during the 3rd quarter. Generate Investment Management Ltd now owns 311,818 shares of the mining company’s stock worth $25,120,000 after purchasing an additional 113,178 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Agnico Eagle Mines by 124.2% during the 3rd quarter. Blue Trust Inc. now owns 3,663 shares of the mining company’s stock valued at $295,000 after purchasing an additional 2,029 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEM has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Royal Bank of Canada increased their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.75.

Agnico Eagle Mines Trading Down 2.1 %

Shares of Agnico Eagle Mines stock opened at $98.42 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $101.45. The firm has a market capitalization of $49.43 billion, a PE ratio of 49.21, a P/E/G ratio of 0.66 and a beta of 1.10. The firm’s 50-day moving average price is $85.67 and its 200 day moving average price is $82.78.

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.