Agnico Eagle Mines Limited (NYSE:AEM) Receives Average Recommendation of “Moderate Buy” from Analysts

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $89.13.

Separately, Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th.

Agnico Eagle Mines Trading Up 0.5 %

Shares of AEM opened at $84.32 on Thursday. The firm has a 50 day moving average price of $81.68 and a 200-day moving average price of $80.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 0.68 and a beta of 1.08.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors have recently added to or reduced their stakes in the stock. Bridgewater Associates LP raised its stake in Agnico Eagle Mines by 123.2% in the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after purchasing an additional 112,712 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after acquiring an additional 32,991 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Agnico Eagle Mines by 14.8% in 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 purchasing an additional 29,106 shares during the period. Geode Capital Management LLC increased its position 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 during the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in Agnico Eagle Mines in the 3rd quarter valued at about $655,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

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.