Citizens National Bank Trust Department Reduces Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Citizens National Bank Trust Department lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,894 shares of the mining company’s stock after selling 530 shares during the quarter. Citizens National Bank Trust Department’s holdings in Agnico Eagle Mines were worth $1,844,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Pembroke Management LTD lifted its holdings in shares of Agnico Eagle Mines by 34.6% in the 3rd quarter. Pembroke Management LTD now owns 16,120 shares of the mining company’s stock valued at $1,299,000 after purchasing an additional 4,148 shares during the last quarter. Lmcg Investments LLC grew its stake in Agnico Eagle Mines by 0.6% during the 3rd quarter. Lmcg Investments LLC now owns 203,387 shares of the mining company’s stock worth $16,385,000 after buying an additional 1,138 shares during the last quarter. Palliser Capital UK Ltd grew its stake in Agnico Eagle Mines by 4.0% during the 3rd quarter. Palliser Capital UK Ltd now owns 55,666 shares of the mining company’s stock worth $4,484,000 after buying an additional 2,166 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Agnico Eagle Mines by 1,903.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,545 shares of the mining company’s stock worth $205,000 after buying an additional 2,418 shares during the last quarter. Finally, US Bancorp DE grew its stake in Agnico Eagle Mines by 43.3% during the 3rd quarter. US Bancorp DE now owns 6,595 shares of the mining company’s stock worth $531,000 after buying an additional 1,994 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.6 %

AEM opened at $85.80 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.76. The business has a 50 day simple moving average of $82.30 and a 200-day simple moving average of $74.22. The stock has a market capitalization of $43.05 billion, a P/E ratio of 42.90, a P/E/G ratio of 0.76 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group assumed coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. CIBC raised their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. TD Securities increased their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price objective 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines 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.