Toronto Dominion Bank Buys 99,909 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Toronto Dominion Bank lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,631,412 shares of the mining company's stock after purchasing an additional 99,909 shares during the period. Toronto Dominion Bank owned 0.32% of Agnico Eagle Mines worth $131,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Continuum Advisory LLC increased its stake 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 worth $26,000 after purchasing an additional 363 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of Agnico Eagle Mines during the second quarter worth approximately $32,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines during the third quarter worth approximately $32,000. McClarren Financial Advisors Inc. increased its stake in shares of Agnico Eagle Mines by 684.6% during the third 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 period. Finally, ORG Partners LLC bought a new position in shares of Agnico Eagle Mines during the second quarter worth approximately $52,000. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded up $2.41 during mid-day trading on Wednesday, hitting $86.72. 1,053,770 shares of the stock traded hands, compared to its average volume of 2,597,422. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The company has a market cap of $43.54 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. The firm has a 50 day simple moving average of $83.06 and a two-hundred day simple moving average of $77.39.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group assumed coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective on the stock. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank raised their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Moderate Buy" and a consensus price target 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.