Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 88.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,783 shares of the mining company’s stock after selling 206,535 shares during the quarter. Cadinha & Co. LLC’s holdings in Agnico Eagle Mines were worth $2,016,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the fourth quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth $32,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines in the 3rd quarter worth about $32,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in shares of Agnico Eagle Mines by 684.6% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after buying an additional 445 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $85.12 on Friday. The company has a 50-day moving average price of $81.70 and a two-hundred day moving average price of $80.33. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. 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 52 week low of $44.37 and a 52 week high of $89.00.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.13.

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.