Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,407 shares of the mining company’s stock after purchasing an additional 125 shares during the quarter. Agnico Eagle Mines makes up approximately 1.2% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 27th biggest position. Pinnacle Wealth Management Group Inc.’s holdings in Agnico Eagle Mines were worth $1,909,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $26,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the second quarter valued at approximately $32,000. FSC Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the third quarter worth approximately $32,000. McClarren Financial Advisors Inc. increased its holdings in shares of Agnico Eagle Mines by 684.6% in 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, Hobbs Group Advisors LLC purchased a new stake in Agnico Eagle Mines in the 3rd quarter valued at $48,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on AEM. UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group boosted their price target 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $89.13.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $82.38 on Tuesday. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $81.72 and its two-hundred day moving average is $79.90. The firm has a market capitalization of $41.35 billion, a PE ratio of 41.19, a P/E/G ratio of 0.68 and a beta of 1.08.

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.