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

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM has received an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $86.78.

Several equities research analysts recently weighed in on AEM shares. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank upped their target price 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. 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. Finally, UBS Group assumed coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective for the company.

Agnico Eagle Mines Stock Down 1.7 %

NYSE:AEM traded down $1.49 during trading hours on Friday, hitting $83.72. The company's stock had a trading volume of 1,907,368 shares, compared to its average volume of 2,594,177. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week 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 stock has a market capitalization of $42.02 billion, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.07. The stock has a fifty day moving average of $83.38 and a 200-day moving average of $77.76.

Institutional Trading of Agnico Eagle Mines

Hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC raised 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 worth $26,000 after purchasing an additional 363 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter worth $32,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth $32,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Agnico Eagle Mines by 684.6% in 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 in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter worth about $48,000. 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.