Agnico Eagle Mines Limited (NYSE:AEM) Holdings Lowered by Cadinha & Co. LLC

Cadinha & Co. LLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 88.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,783 shares of the mining company’s stock after selling 206,535 shares during the period. Cadinha & Co. LLC’s holdings in Agnico Eagle Mines were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. HB Wealth Management LLC bought a new position in Agnico Eagle Mines during the 4th quarter valued at $208,000. Avanza Fonder AB bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $3,373,000. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines during the fourth quarter worth about $29,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Agnico Eagle Mines in the fourth quarter worth about $89,000. Finally, Caldwell Investment Management Ltd. lifted its holdings in Agnico Eagle Mines by 12.0% in the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $85.12 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The firm’s 50 day simple moving average is $81.70 and its 200-day simple moving average is $80.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a market cap of $42.72 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

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.