Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 7,650 shares of the mining company’s stock after selling 300 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Agnico Eagle Mines were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $26,000. Abich Financial Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines in the second quarter worth about $32,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth about $32,000. McClarren Financial Advisors Inc. boosted its position in Agnico Eagle Mines by 684.6% in the third 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 last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded up $1.10 during midday trading on Friday, hitting $84.46. The stock had a trading volume of 962,213 shares, compared to its average volume of 1,379,399. 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 stock has a 50 day simple moving average of $81.82 and a 200-day simple moving average of $79.45. The company has a market capitalization of $42.39 billion, a PE ratio of 42.23, a P/E/G ratio of 0.68 and a beta of 1.08. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $89.00.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group began coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.11.

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.