A. D. Beadell Investment Counsel Inc. Sells 300 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

A. D. Beadell Investment Counsel Inc. lowered its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,650 shares of the mining company’s stock after selling 300 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Agnico Eagle Mines were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC grew its position in Agnico Eagle Mines by 6.1% during the 4th quarter. CWA Asset Management Group LLC now owns 60,143 shares of the mining company’s stock valued at $4,704,000 after purchasing an additional 3,475 shares during the last quarter. Versant Capital Management Inc bought a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $26,000. Confluence Investment Management LLC boosted its stake in Agnico Eagle Mines by 1.8% during the 4th quarter. Confluence Investment Management LLC now owns 20,408 shares of the mining company’s stock valued at $1,596,000 after purchasing an additional 351 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Agnico Eagle Mines by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock worth $1,760,000 after buying an additional 302 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Agnico Eagle Mines by 22.3% in the third quarter. Lord Abbett & CO. LLC now owns 431,200 shares of the mining company’s stock worth $34,736,000 after acquiring an additional 78,700 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

AEM has been the subject of several research reports. UBS Group began coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.11.

Agnico Eagle Mines Trading Up 1.3 %

Agnico Eagle Mines stock traded up $1.10 during mid-day trading on Friday, hitting $84.46. The company’s stock had a trading volume of 962,213 shares, compared to its average volume of 1,379,399. 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 company has a 50 day moving average of $81.82 and a 200-day moving average of $79.45. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. The stock has a market cap of $42.39 billion, a PE ratio of 42.23, a P/E/G ratio of 0.68 and a beta of 1.08.

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.