Brokerages Set Agnico Eagle Mines Limited (NYSE:AEM) Target Price at $87.11

Shares of Agnico Eagle Mines Limited (NYSE:AEMGet Free Report) (TSE:AEM) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $89.13.

A number of research firms have recently issued reports on AEM. Jefferies Financial Group increased 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. UBS Group began coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company.

Get Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $84.34 on Thursday. The business’s 50-day simple moving average is $81.79 and its 200-day simple moving average is $79.68. The firm has a market capitalization of $42.33 billion, a P/E ratio of 42.17, a P/E/G ratio of 0.68 and a beta of 1.08. Agnico Eagle Mines has a 1-year low of $44.37 and a 1-year high of $89.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of hedge funds have recently made changes to their positions in the business. Bridgewater Associates LP increased its stake in Agnico Eagle Mines by 123.2% during the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after buying an additional 112,712 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Agnico Eagle Mines by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after acquiring an additional 32,991 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Agnico Eagle Mines by 14.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after acquiring an additional 29,106 shares during the period. Geode Capital Management LLC raised its holdings in Agnico Eagle Mines by 8.6% during the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after purchasing an additional 178,999 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in Agnico Eagle Mines in the third quarter worth approximately $655,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

(Get Free Report

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.

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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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