Skylands Capital LLC Has $4.37 Million Position in Agnico Eagle Mines Limited $AEM

Skylands Capital LLC lessened its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,940 shares of the mining company’s stock after selling 3,610 shares during the quarter. Skylands Capital LLC’s holdings in Agnico Eagle Mines were worth $4,372,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the second quarter worth $25,000. True Wealth Design LLC grew its position in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at $29,000. City State Bank lifted its position in Agnico Eagle Mines by 69.2% during the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after buying an additional 110 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AEM shares. Bank of America raised their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Raymond James Financial restated an “outperform” rating and issued a $225.00 price target on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. JPMorgan Chase & Co. began coverage on Agnico Eagle Mines in a research report on Thursday, January 29th. They set a “neutral” rating and a $248.00 price target on the stock. Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $185.00 to $205.00 in a report on Wednesday, December 10th. Finally, Citigroup raised their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and a consensus price target of $230.64.

Agnico Eagle Mines Stock Up 0.9%

AEM opened at $211.77 on Wednesday. The stock’s fifty day simple moving average is $186.93 and its 200 day simple moving average is $166.28. Agnico Eagle Mines Limited has a 1-year low of $92.11 and a 1-year high of $225.00. The stock has a market cap of $106.03 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 0.51 and a beta of 0.63. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.