Agnico Eagle Mines Limited (NYSE:AEM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $86.78.

Several research firms have recently weighed in on AEM. Scotiabank boosted their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. UBS Group started coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. TD Securities upped their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors and hedge funds have recently bought and sold shares of 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 valued at $26,000 after buying an additional 363 shares during the period. FSC Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at about $32,000. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $32,000. McClarren Financial Advisors Inc. lifted its position in shares of 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, Hobbs Group Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the 3rd quarter worth approximately $48,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 3.1 %

Shares of NYSE:AEM opened at $82.48 on Wednesday. The company has a market cap of $41.41 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 0.67 and a beta of 1.09. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $89.00. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $82.55 and a 200 day moving average price of $75.73.

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.