Diversify Wealth Management LLC Buys 141 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Diversify Wealth Management LLC grew its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,753 shares of the mining company’s stock after purchasing an additional 141 shares during the period. Diversify Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $569,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Agnico Eagle Mines during the 4th quarter worth approximately $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 bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth approximately $32,000. Finally, McClarren Financial Advisors Inc. lifted its stake in shares of Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 4.3 %

Shares of AEM stock opened at $88.70 on Wednesday. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00. The stock’s fifty day moving average price is $82.07 and its 200 day moving average price is $80.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a market cap of $44.55 billion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08.

Analyst Ratings Changes

AEM has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Scotiabank raised their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Agnico Eagle Mines 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.