Harbor Investment Advisory LLC Has $1.42 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Harbor Investment Advisory LLC decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,097 shares of the mining company’s stock after selling 154 shares during the period. Harbor Investment Advisory LLC’s holdings in Agnico Eagle Mines were worth $1,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines during the fourth quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter worth $32,000. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth $32,000. Finally, McClarren Financial Advisors Inc. grew 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 during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 1.1 %

Shares of AEM opened at $85.12 on Tuesday. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The firm has a market capitalization of $42.75 billion, a P/E ratio of 42.56, a P/E/G ratio of 0.56 and a beta of 1.08. The company has a 50-day simple moving average of $81.84 and a 200-day simple moving average of $80.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Analyst Ratings Changes

Separately, Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.13.

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.