Foundation Resource Management Inc. Sells 800 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Foundation Resource Management Inc. trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 316,516 shares of the mining company’s stock after selling 800 shares during the quarter. Agnico Eagle Mines makes up 4.1% of Foundation Resource Management Inc.’s portfolio, making the stock its 9th biggest holding. Foundation Resource Management Inc. owned 0.06% of Agnico Eagle Mines worth $24,755,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group started coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective for the company. Jefferies Financial Group upped 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 note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of $89.13.

Agnico Eagle Mines Stock Up 1.9 %

Shares of AEM opened at $83.95 on Wednesday. The firm has a market cap of $42.13 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. 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 company’s fifty day moving average is $81.72 and its two-hundred day moving average is $79.90. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00.

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.