Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Washington Capital Management Inc.

Washington Capital Management Inc. lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,515 shares of the mining company’s stock after selling 1,675 shares during the period. Agnico Eagle Mines makes up about 1.4% of Washington Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Washington Capital Management Inc.’s holdings in Agnico Eagle Mines were worth $1,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AEM. Pinnacle Wealth Management Group Inc. grew its holdings in Agnico Eagle Mines by 0.5% during 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 in the last quarter. Diversify Wealth Management LLC grew its stake in Agnico Eagle Mines by 2.1% in 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 in the last quarter. Sapient Capital LLC increased its holdings in Agnico Eagle Mines by 1.3% in the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after buying an additional 145 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock worth $51,000 after buying an additional 165 shares during the last quarter. Finally, Evanson Asset Management LLC lifted its holdings in Agnico Eagle Mines by 5.2% during the 3rd quarter. Evanson Asset Management LLC now owns 4,023 shares of the mining company’s stock worth $324,000 after buying an additional 200 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $90.02 on Thursday. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $91.30. 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 firm has a market capitalization of $45.21 billion, a P/E ratio of 45.01, a PEG ratio of 0.60 and a beta of 1.08. The firm’s 50 day moving average is $83.30 and its two-hundred day moving average is $81.32.

Wall Street Analyst Weigh In

AEM has been the topic of several research analyst reports. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. 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 report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

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.