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

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $90.50.

AEM has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their price target 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. Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st.

Agnico Eagle Mines Stock Performance

AEM opened at $93.05 on Monday. The company has a market cap of $46.73 billion, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average price is $83.69 and its 200-day moving average price is $81.61. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $95.38.

Institutional Investors Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in Agnico Eagle Mines in the 4th quarter worth approximately $29,000. FSC Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $32,000. Fifth Third Bancorp increased its holdings in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after buying an additional 230 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

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.