IHT Wealth Management LLC Sells 277 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

IHT Wealth Management LLC trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,966 shares of the mining company’s stock after selling 277 shares during the quarter. IHT Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $1,207,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AEM. Sapient Capital LLC increased its position in shares of Agnico Eagle Mines by 1.3% during the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock worth $886,000 after acquiring an additional 145 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Agnico Eagle Mines by 2.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company’s stock valued at $472,000 after purchasing an additional 158 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of Agnico Eagle Mines by 0.3% during the second quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock worth $4,043,000 after buying an additional 189 shares during the period. Lombard Odier Asset Management Europe Ltd grew its holdings in shares of Agnico Eagle Mines by 0.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock worth $3,248,000 after buying an additional 190 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in Agnico Eagle Mines by 4.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock valued at $269,000 after buying an additional 192 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Down 0.6 %

Agnico Eagle Mines stock opened at $85.02 on Friday. The stock has a 50-day simple moving average of $82.87 and a 200 day simple moving average of $76.90. The stock has a market capitalization of $42.69 billion, a P/E ratio of 42.51, a PEG ratio of 0.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00.

Analyst Ratings Changes

AEM has been the subject of several research reports. UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. Scotiabank raised their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Company 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.