Regal Partners Ltd Buys 45,262 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Regal Partners Ltd boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 36.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,448 shares of the mining company's stock after purchasing an additional 45,262 shares during the quarter. Agnico Eagle Mines makes up 1.2% of Regal Partners Ltd's investment portfolio, making the stock its 22nd largest position. Regal Partners Ltd's holdings in Agnico Eagle Mines were worth $13,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AEM. Continuum Advisory LLC boosted its stake in Agnico Eagle Mines by 1,134.4% in 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 period. Abich Financial Wealth Management LLC bought a new position in Agnico Eagle Mines in the 2nd quarter worth about $32,000. FSC Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the 3rd quarter worth about $32,000. McClarren Financial Advisors Inc. boosted its stake in 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 during the period. Finally, WASHINGTON TRUST Co boosted its stake in Agnico Eagle Mines by 92.1% in 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 period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded up $1.65 during trading hours on Thursday, reaching $77.64. 3,803,404 shares of the stock traded hands, compared to its average volume of 2,677,504. The company's 50-day simple moving average is $82.43 and its two-hundred day simple moving average is $75.26. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The company has a market capitalization of $38.96 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09.

Analysts Set New Price Targets

AEM has been the subject of several analyst reports. UBS Group initiated coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 target price for the company. Scotiabank raised their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. TD Securities raised their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group raised their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $86.78.

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.