Cambiar Investors LLC Reduces Position in Agnico Eagle Mines Limited (NYSE:AEM)

Cambiar Investors LLC trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 96.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEM. Pinnacle Wealth Management Group Inc. increased its stake in shares of Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after acquiring an additional 125 shares during the last quarter. Diversify Wealth Management LLC increased its position in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock worth $569,000 after purchasing an additional 141 shares during the last quarter. Sapient Capital LLC raised its stake in Agnico Eagle Mines by 1.3% during the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock worth $886,000 after purchasing an additional 145 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Agnico Eagle Mines by 34.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock valued at $51,000 after purchasing an additional 165 shares during the last quarter. Finally, Tectonic Advisors LLC grew its stake in shares of Agnico Eagle Mines by 0.8% in the 4th quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock valued at $1,771,000 after buying an additional 185 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on AEM shares. Scotiabank lifted their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada increased their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $92.75.

Agnico Eagle Mines Price Performance

AEM stock opened at $98.42 on Wednesday. The business’s fifty day moving average price is $85.67 and its 200 day moving average price is $82.78. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $101.45. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company 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.

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.