PYA Waltman Capital LLC Cuts Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

PYA Waltman Capital LLC reduced its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.1% in the third quarter, Holdings Channel.com reports. The fund owned 5,170 shares of the mining company’s stock after selling 337 shares during the period. PYA Waltman Capital LLC’s holdings in Agnico Eagle Mines were worth $416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC raised its stake in shares of Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after purchasing an additional 363 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in Agnico Eagle Mines in the 3rd quarter worth about $32,000. Abich Financial Wealth Management LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter worth about $32,000. McClarren Financial Advisors Inc. lifted its stake in Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after acquiring an additional 445 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at about $58,000. 68.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $83.59 on Monday. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $41.97 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 0.67 and a beta of 1.07. The business has a 50-day simple moving average of $82.93 and a two-hundred day simple moving average of $77.15.

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.