De Lisle Partners LLP Acquires 14,500 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

De Lisle Partners LLP increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 56.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,123 shares of the mining company’s stock after acquiring an additional 14,500 shares during the period. De Lisle Partners LLP’s holdings in Agnico Eagle Mines were worth $3,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Continuum Advisory LLC lifted its stake in 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 acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $32,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 3rd quarter worth approximately $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 valued at $41,000 after buying an additional 445 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its position in Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock valued at $48,000 after acquiring an additional 350 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AEM shares. TD Securities lifted their price objective 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 boosted their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. 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 for the company. Scotiabank raised their target price on 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. Finally, Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Down 0.7 %

NYSE:AEM opened at $83.54 on Thursday. The stock’s fifty day simple moving average is $82.70 and its 200-day simple moving average is $76.30. The firm has a market capitalization of $41.94 billion, a P/E ratio of 41.77, a P/E/G ratio of 0.70 and a beta of 1.09. 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 12-month low of $44.37 and a 12-month high of $89.00.

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.