Sanibel Captiva Trust Company Inc. Sells 158 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Sanibel Captiva Trust Company Inc. reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,429 shares of the mining company’s stock after selling 158 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Agnico Eagle Mines were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Agnico Eagle Mines in the fourth quarter worth about $29,000. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter valued at $32,000. Finally, McClarren Financial Advisors Inc. boosted its position 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 period. 68.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.13.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $85.12 on Monday. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $42.72 billion, a P/E ratio of 42.56, a P/E/G ratio of 0.56 and a beta of 1.08. The firm’s fifty day simple moving average is $81.70 and its two-hundred day simple moving average is $80.41. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month 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.