Brokerages Set Agnico Eagle Mines Limited (NYSE:AEM) PT at $86.78

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM has received a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $86.78.

Several brokerages recently commented on AEM. CIBC boosted their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Scotiabank upped their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. UBS Group initiated coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 target price for the company. TD Securities upped their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group upped their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research report on Friday, October 4th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. 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 valued at $26,000 after purchasing an additional 363 shares in the last quarter. Stephens Consulting LLC bought a new stake in Agnico Eagle Mines in the first quarter valued at $30,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines in the second quarter valued at $32,000. FSC Wealth Advisors LLC bought a new stake in Agnico Eagle Mines in the third quarter valued at $32,000. Finally, McClarren Financial Advisors Inc. grew its position in 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 during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 1.2 %

NYSE:AEM traded down $1.05 on Friday, hitting $86.88. 2,328,687 shares of the company's stock traded hands, compared to its average volume of 2,672,038. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 1 year low of $44.37 and a 1 year high of $89.00. The firm has a 50-day moving average price of $81.78 and a 200-day moving average price of $73.32. The company has a market cap of $43.46 billion, a PE ratio of 91.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The firm's quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Equities analysts anticipate that Agnico Eagle Mines will post 3.88 EPS for the current fiscal year.

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.