Benson Investment Management Company Inc. Sells 280 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Benson Investment Management Company Inc. lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,886 shares of the mining company’s stock after selling 280 shares during the quarter. Agnico Eagle Mines accounts for approximately 2.1% of Benson Investment Management Company Inc.’s holdings, making the stock its 27th largest holding. Benson Investment Management Company Inc.’s holdings in Agnico Eagle Mines were worth $5,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth about $26,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $32,000. FSC Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $32,000. McClarren Financial Advisors Inc. lifted its stake in Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after buying an additional 445 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the third quarter valued at approximately $48,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Down 2.3 %

Shares of AEM stock opened at $82.38 on Tuesday. The firm’s fifty day moving average price is $81.72 and its two-hundred day moving average price is $79.90. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year 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 firm has a market capitalization of $41.35 billion, a P/E ratio of 41.19, a PEG ratio of 0.68 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group started coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

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.