GW Henssler & Associates Ltd. Cuts Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

GW Henssler & Associates Ltd. lowered its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 374,654 shares of the mining company's stock after selling 9,963 shares during the period. Agnico Eagle Mines accounts for about 1.7% of GW Henssler & Associates Ltd.'s holdings, making the stock its 18th largest holding. GW Henssler & Associates Ltd. owned 0.07% of Agnico Eagle Mines worth $30,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its holdings in shares of Agnico Eagle Mines by 1,134.4% during the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock valued at $26,000 after buying an additional 363 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Agnico Eagle Mines during the 2nd quarter valued at $32,000. FSC Wealth Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 3rd quarter worth $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 worth $41,000 after purchasing an additional 445 shares in the last quarter. Finally, WASHINGTON TRUST Co raised its stake in shares of Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock worth $48,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AEM. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. CIBC boosted their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. Scotiabank increased 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 research report on Monday, August 19th. Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Finally, TD Securities boosted their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.78.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $2.09 during midday trading on Tuesday, hitting $88.85. The company had a trading volume of 1,742,172 shares, compared to its average volume of 2,663,445. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The company has a fifty day moving average of $81.90 and a two-hundred day moving average of $73.58. The company has a market cap of $44.45 billion, a price-to-earnings ratio of 91.33, a PEG ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.93 by $0.14. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The business's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 3.88 EPS for the current fiscal year.

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.