Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Royal Fund Management LLC

Royal Fund Management LLC grew its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 26,388 shares of the mining company’s stock after acquiring an additional 405 shares during the quarter. Royal Fund Management LLC’s holdings in Agnico Eagle Mines were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines in the fourth quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at approximately $29,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter valued at $32,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth $32,000. Finally, McClarren Financial Advisors Inc. grew its stake in shares of Agnico Eagle Mines by 684.6% in 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 in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $85.12 on Tuesday. 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 capitalization of $42.75 billion, a P/E ratio of 42.56, a P/E/G ratio of 0.56 and a beta of 1.08. The business has a 50-day moving average of $81.84 and a two-hundred day moving average of $80.53. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price objective on shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.