Robinson Value Management Ltd. Sells 447 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Robinson Value Management Ltd. trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,553 shares of the mining company’s stock after selling 447 shares during the period. Robinson Value Management Ltd.’s holdings in Agnico Eagle Mines were worth $121,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $1,909,000 after purchasing an additional 125 shares during the last quarter. Diversify Wealth Management LLC boosted its position in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after buying an additional 141 shares during the period. Sapient Capital LLC boosted its position in Agnico Eagle Mines by 1.3% in the 3rd 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 period. MassMutual Private Wealth & Trust FSB boosted its position 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 buying an additional 165 shares during the period. Finally, Tectonic Advisors LLC boosted its position in 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.

Agnico Eagle Mines Trading Down 0.6 %

NYSE AEM opened at $98.34 on Friday. 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 firm has a market cap of $49.39 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a 50 day moving average price of $85.07 and a 200 day moving average price of $82.35. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $100.07.

Analysts Set New Price Targets

Several research firms have issued reports on AEM. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.50.

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.