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

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $87.11.

AEM has been the topic of several recent analyst reports. UBS Group started coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $26,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter worth about $32,000. Abich Financial Wealth Management LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $32,000. McClarren Financial Advisors Inc. grew its holdings in Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after purchasing an additional 445 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the third quarter valued at about $48,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM stock opened at $83.41 on Thursday. The stock has a market cap of $41.86 billion, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. Agnico Eagle Mines has a 52-week low of $44.37 and a 52-week high of $89.00. The business has a fifty day moving average of $81.88 and a two-hundred day moving average of $79.42. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

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.