Agnico Eagle Mines (NYSE:AEM) Sets New 52-Week High – Still a Buy?

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $96.73 and last traded at $94.86, with a volume of 2584569 shares changing hands. The stock had previously closed at $92.94.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEM. Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Scotiabank lifted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus target price of $90.50.

Agnico Eagle Mines Trading Up 3.1 %

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 fifty day moving average of $84.49 and a two-hundred day moving average of $82.02. The stock has a market capitalization of $49.51 billion, a price-to-earnings ratio of 49.29, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10.

Institutional Trading of Agnico Eagle Mines

Large investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC boosted its holdings in Agnico Eagle Mines by 10.0% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 6,600 shares of the mining company’s stock valued at $516,000 after acquiring an additional 600 shares during the period. Smartleaf Asset Management LLC grew its holdings in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after buying an additional 318 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after buying an additional 112 shares during the period. Capital Wealth Planning LLC lifted its holdings in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital Wealth Planning LLC now owns 59,055 shares of the mining company’s stock worth $4,619,000 after buying an additional 17,452 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Agnico Eagle Mines by 6.3% in the fourth quarter. Metis Global Partners LLC now owns 55,180 shares of the mining company’s stock valued at $4,317,000 after acquiring an additional 3,281 shares during the period. 68.34% of the stock is owned by institutional investors.

About Agnico Eagle Mines

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.