Sumitomo Mitsui DS Asset Management Company Ltd Sells 116 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,617 shares of the mining company’s stock after selling 116 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Agnico Eagle Mines were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines during the fourth quarter worth approximately $29,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines during the third quarter worth approximately $32,000. Fifth Third Bancorp increased its stake in shares of Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the period. Finally, McClarren Financial Advisors Inc. increased its stake in shares of Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after purchasing an additional 445 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $99.52 on Thursday. The stock’s fifty day moving average price is $85.95 and its two-hundred day moving average price is $82.89. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $101.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The firm has a market cap of $49.99 billion, a PE ratio of 49.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Wall Street Analyst Weigh In

AEM has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group increased their target price 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. Finally, Scotiabank increased their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $92.75.

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.