Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM has been assigned an average rating of "Moderate Buy" from the eight analysts that are covering the firm, MarketBeat reports. One 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 target among analysts that have issued ratings on the stock in the last year is $87.11.
Several research firms have recently issued reports on AEM. UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price target on the stock. 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.
View Our Latest Report on AEM
Agnico Eagle Mines Stock Performance
Agnico Eagle Mines stock traded up $2.26 during midday trading on Thursday, reaching $83.41. The stock had a trading volume of 1,685,326 shares, compared to its average volume of 1,479,103. The firm has a market capitalization of $41.86 billion, a PE ratio of 41.71, a P/E/G ratio of 0.68 and a beta of 1.08. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $89.00. 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 $81.82 and its 200 day moving average price is $79.45.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $26,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines in the 2nd quarter worth approximately $32,000. FSC Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines in the third quarter worth approximately $32,000. McClarren Financial Advisors Inc. grew its position in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock valued at $41,000 after acquiring an additional 445 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 68.34% of the company's stock.
Agnico Eagle Mines Company Profile
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Get Free ReportAgnico 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.
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