Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Regal Partners Ltd

Regal Partners Ltd grew its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 36.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,448 shares of the mining company’s stock after acquiring an additional 45,262 shares during the period. Agnico Eagle Mines comprises approximately 1.2% of Regal Partners Ltd’s investment portfolio, making the stock its 22nd biggest position. Regal Partners Ltd’s holdings in Agnico Eagle Mines were worth $13,651,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Continuum Advisory LLC raised its position in shares of Agnico Eagle Mines by 1,134.4% during the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after purchasing an additional 363 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the 2nd quarter worth about $32,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the 3rd quarter worth about $32,000. McClarren Financial Advisors Inc. raised its position 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 purchasing an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its position in shares of Agnico Eagle Mines by 92.1% during the 2nd 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 and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $75.99 on Thursday. The firm has a 50 day simple moving average of $82.45 and a 200-day simple moving average of $75.24. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00. 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 stock has a market cap of $38.13 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09.

Analyst Ratings Changes

Several brokerages recently issued reports on AEM. TD Securities upped their price objective 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. Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank upped 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 note on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

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.