Klein Pavlis & Peasley Financial Inc. Reduces Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Klein Pavlis & Peasley Financial Inc. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,439 shares of the mining company’s stock after selling 3,787 shares during the period. Agnico Eagle Mines comprises about 4.4% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 2nd biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Agnico Eagle Mines were worth $5,431,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Management Group Inc. raised its holdings in shares of Agnico Eagle Mines by 0.5% during the fourth 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 increased 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 worth $569,000 after purchasing an additional 141 shares during the last quarter. Sapient Capital LLC raised its stake in shares of Agnico Eagle Mines by 1.3% during the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock worth $886,000 after purchasing an additional 145 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 valued at $51,000 after buying an additional 165 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in shares of Agnico Eagle Mines by 0.8% during 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 last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $98.58 on Thursday. The firm has a market cap of $49.51 billion, a PE ratio of 49.29, a PEG ratio of 0.62 and a beta of 1.10. The company has a fifty day moving average price of $84.49 and a 200 day moving average price of $82.02. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $99.70. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AEM shares. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group raised 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, 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.