Agnico Eagle Mines Limited (NYSE:AEM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM have earned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $86.78.

Several equities analysts have commented on AEM shares. UBS Group initiated coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price target for the company. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. TD Securities lifted their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada increased 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.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of institutional investors and hedge funds have recently made changes to their positions in AEM. Continuum Advisory LLC raised its stake in shares of Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock worth $26,000 after buying an additional 363 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter valued at $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter valued at approximately $32,000. McClarren Financial Advisors Inc. grew its holdings in Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after acquiring an additional 445 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its holdings in shares of Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock valued at $48,000 after acquiring an additional 350 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 0.4 %

Shares of NYSE:AEM traded up $0.37 during midday trading on Wednesday, reaching $82.82. The company had a trading volume of 1,216,039 shares, compared to its average volume of 2,667,918. Agnico Eagle Mines has a 1-year low of $44.37 and a 1-year high of $89.00. The company has a fifty day simple moving average of $82.62 and a two-hundred day simple moving average of $75.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The firm has a market cap of $41.58 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09.

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.