Cheviot Value Management LLC Has $37.46 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Cheviot Value Management LLC cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 465,022 shares of the mining company’s stock after selling 13,896 shares during the quarter. Agnico Eagle Mines comprises 7.1% of Cheviot Value Management LLC’s portfolio, making the stock its 2nd largest position. Cheviot Value Management LLC owned approximately 0.09% of Agnico Eagle Mines worth $37,462,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AEM. Continuum Advisory LLC increased its stake in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after purchasing an additional 363 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $32,000. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $32,000. McClarren Financial Advisors Inc. increased its position 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 in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the 3rd quarter worth $58,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $83.79 on Monday. The stock has a market capitalization of $42.07 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 0.66 and a beta of 1.09. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. The firm has a fifty day simple moving average of $82.80 and a 200 day simple moving average of $76.57. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada raised their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank raised their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, UBS Group started 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 objective for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.78.

About Agnico Eagle Mines

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.