Agnico Eagle Mines Limited (NYSE:AEM) Receives $90.50 Average Price Target from Analysts

Shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $90.50.

A number of brokerages have weighed in on AEM. Scotiabank increased their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th.

Agnico Eagle Mines Trading Up 3.1 %

NYSE AEM opened at $98.58 on Monday. The company has a market capitalization of $49.51 billion, a price-to-earnings ratio of 49.29, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines has a 12 month low of $44.37 and a 12 month high of $99.70. The company’s fifty day moving average price is $84.49 and its two-hundred day moving average price is $82.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC lifted its position in shares of Agnico Eagle Mines by 10.0% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 6,600 shares of the mining company’s stock worth $516,000 after acquiring an additional 600 shares during the period. Smartleaf Asset Management LLC lifted its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after purchasing an additional 318 shares during the period. Duncker Streett & Co. Inc. boosted its stake in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after buying an additional 112 shares in the last quarter. Capital Wealth Planning LLC increased its holdings in Agnico Eagle Mines by 41.9% in the 4th quarter. Capital Wealth Planning LLC now owns 59,055 shares of the mining company’s stock valued at $4,619,000 after buying an additional 17,452 shares during the period. Finally, Metis Global Partners LLC raised its stake in shares of Agnico Eagle Mines by 6.3% in the 4th quarter. Metis Global Partners LLC now owns 55,180 shares of the mining company’s stock valued at $4,317,000 after buying an additional 3,281 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

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.