Agnico Eagle Mines (NYSE:AEM) Price Target Raised to $105.00

Agnico Eagle Mines (NYSE:AEM - Free Report) TSE: AEM had its target price raised by Scotiabank from $103.00 to $105.00 in a research note released on Tuesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the mining company's stock.

Separately, Jefferies Financial Group raised their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded up $3.67 during trading hours on Tuesday, hitting $88.70. 2,500,539 shares of the stock were exchanged, compared to its average volume of 1,540,673. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $89.00. The business's 50-day moving average is $82.07 and its two-hundred day moving average is $80.67. 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 stock has a market capitalization of $44.55 billion, a P/E ratio of 44.35, a P/E/G ratio of 0.57 and a beta of 1.08.

Hedge Funds Weigh In On Agnico Eagle Mines

Several large investors have recently bought and sold shares of AEM. Vanguard Personalized Indexing Management LLC boosted its position in shares of Agnico Eagle Mines by 29.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,168 shares of the mining company's stock worth $724,000 after purchasing an additional 2,561 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in Agnico Eagle Mines during the second quarter worth about $1,990,000. Lombard Odier Asset Management Europe Ltd grew its position in shares of Agnico Eagle Mines by 0.4% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company's stock worth $3,248,000 after buying an additional 190 shares during the period. Progeny 3 Inc. bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $18,151,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Agnico Eagle Mines by 149.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 292,490 shares of the mining company's stock valued at $19,133,000 after acquiring an additional 175,077 shares during the period. 68.34% of the stock is currently 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.