Fullcircle Wealth LLC Decreases Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Fullcircle Wealth LLC reduced its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 25.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,246 shares of the mining company's stock after selling 8,019 shares during the period. Agnico Eagle Mines makes up 0.9% of Fullcircle Wealth LLC's holdings, making the stock its 27th largest position. Fullcircle Wealth LLC's holdings in Agnico Eagle Mines were worth $2,017,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on AEM shares. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. UBS Group initiated coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. CIBC boosted their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 10th. Finally, Scotiabank increased their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded down $0.49 during mid-day trading on Friday, hitting $85.80. 1,844,703 shares of the stock were exchanged, compared to its average volume of 2,663,666. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The company has a market cap of $43.05 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. The firm has a fifty day moving average of $82.30 and a 200 day moving average of $74.13.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 8.98% and a net margin of 12.86%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $0.65 earnings per share. Agnico Eagle Mines's quarterly revenue was up 20.9% compared to the same quarter last year. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.01 earnings per share for the current year.

About Agnico Eagle Mines

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.