SeaCrest Wealth Management LLC Buys Shares of 10,977 Agnico Eagle Mines Ltd (NYSE:AEM)

SeaCrest Wealth Management LLC bought a new position in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 10,977 shares of the mining company’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Agnico Eagle Mines by 35.2% during the 4th quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock valued at $270,000 after buying an additional 1,521 shares during the last quarter. Aperio Group LLC grew its holdings in Agnico Eagle Mines by 9.4% during the 4th quarter. Aperio Group LLC now owns 297,552 shares of the mining company’s stock valued at $13,741,000 after buying an additional 25,534 shares during the last quarter. Highstreet Asset Management Inc. grew its holdings in Agnico Eagle Mines by 268.4% during the 4th quarter. Highstreet Asset Management Inc. now owns 305,590 shares of the mining company’s stock valued at $14,110,000 after buying an additional 222,649 shares during the last quarter. Oxbow Advisors LLC grew its holdings in Agnico Eagle Mines by 12.9% during the 4th quarter. Oxbow Advisors LLC now owns 56,524 shares of the mining company’s stock valued at $2,610,000 after buying an additional 6,460 shares during the last quarter. Finally, High Pointe Capital Management LLC grew its holdings in Agnico Eagle Mines by 29.0% during the 4th quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock valued at $290,000 after buying an additional 1,410 shares during the last quarter. Institutional investors own 58.09% of the company’s stock.

Agnico Eagle Mines Ltd (AEM) traded up $1.46 during trading hours on Wednesday, reaching $45.38. The company’s stock had a trading volume of 969,602 shares, compared to its average volume of 1,267,967. The company has a quick ratio of 2.70, a current ratio of 3.85 and a debt-to-equity ratio of 0.28. Agnico Eagle Mines Ltd has a one year low of $39.30 and a one year high of $51.86. The stock has a market capitalization of $10,205.20, a price-to-earnings ratio of 38.79, a PEG ratio of 42.84 and a beta of -0.60.

A number of research analysts have weighed in on AEM shares. Royal Bank of Canada set a $53.00 price target on Agnico Eagle Mines and gave the stock a “hold” rating in a research note on Monday, October 23rd. TD Securities set a $53.00 price target on Agnico Eagle Mines and gave the stock a “hold” rating in a research note on Thursday, October 19th. Credit Suisse Group reissued a “buy” rating and set a $62.00 price target on shares of Agnico Eagle Mines in a research note on Friday, January 26th. CSFB increased their price target on Agnico Eagle Mines from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, December 28th. Finally, Canaccord Genuity reissued a “buy” rating and set a $77.00 price target on shares of Agnico Eagle Mines in a research note on Thursday, December 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $58.05.

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Agnico Eagle Mines Profile

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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