Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC reduced its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,097 shares of the mining company’s stock after selling 154 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Agnico Eagle Mines were worth $1,415,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter worth $32,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth $32,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after purchasing an additional 445 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 1.1 %

Shares of NYSE:AEM opened at $85.12 on Tuesday. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $42.75 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. The firm has a fifty day moving average of $81.84 and a two-hundred day moving average of $80.53.

Wall Street Analysts Forecast Growth

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 stock. Based on data from MarketBeat, the company has a consensus 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.