Stratos Wealth Partners LTD. Purchases 241 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Stratos Wealth Partners LTD. boosted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,712 shares of the mining company’s stock after purchasing an additional 241 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Agnico Eagle Mines were worth $838,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Group Inc. grew its stake in shares of Agnico Eagle Mines by 0.5% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after acquiring an additional 125 shares during the last quarter. Diversify Wealth Management LLC grew its stake in shares of Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock worth $569,000 after acquiring an additional 141 shares during the last quarter. Sapient Capital LLC grew its stake 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock valued at $51,000 after buying an additional 165 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its position in Agnico Eagle Mines by 4.3% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,805 shares of the mining company’s stock valued at $387,000 after buying an additional 200 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Up 2.1 %

NYSE AEM opened at $100.46 on Tuesday. The business has a fifty day moving average price of $85.42 and a 200 day moving average price of $82.60. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $101.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The company has a market cap of $50.46 billion, a P/E ratio of 50.23, a P/E/G ratio of 0.66 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AEM shares. Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group upped their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.50.

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.