Agnico Eagle Mines (NYSE:AEM) Price Target Raised to $88.00 at Jefferies Financial Group

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM had its price objective boosted by investment analysts at Jefferies Financial Group from $85.00 to $88.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the mining company's stock. Jefferies Financial Group's price target indicates a potential upside of 8.49% from the company's current price.

Several other research firms have also commented on AEM. UBS Group started coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a "buy" rating and a $95.00 target price for the company. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.11.

Agnico Eagle Mines Trading Up 1.8 %

Agnico Eagle Mines stock traded up $1.45 during trading on Tuesday, hitting $81.11. The company's stock had a trading volume of 1,611,306 shares, compared to its average volume of 1,427,498. Agnico Eagle Mines has a 1-year low of $44.37 and a 1-year high of $89.00. The stock's fifty day moving average is $81.97 and its 200 day moving average is $79.39. The stock has a market capitalization of $40.71 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 0.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines during the fourth quarter worth about $26,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the second quarter valued at about $32,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter worth 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 during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in Agnico Eagle Mines during the third quarter worth approximately $48,000. 68.34% of the stock is currently 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.