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

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target upped by Scotiabank from $103.00 to $105.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a sector outperform rating on the mining company’s stock.

Separately, Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.50.

Agnico Eagle Mines Stock Performance

AEM stock opened at $88.67 on Tuesday. The firm has a market cap of $44.53 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 0.59 and a beta of 1.08. The firm has a 50-day simple moving average of $82.56 and a two-hundred day simple moving average of $80.78. Agnico Eagle Mines has a one year low of $44.37 and a one year high of $90.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Agnico Eagle Mines during the 4th quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new stake in Agnico Eagle Mines during the 2nd quarter worth $32,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter worth $32,000. Finally, Fifth Third Bancorp lifted its holdings in Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors 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.