Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been assigned a consensus rating of “Buy” from the nineteen ratings firms that are covering the firm. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $56.53.
AEM has been the topic of several recent research reports. Credit Suisse Group set a $69.00 price objective on Agnico Eagle Mines Limited and gave the stock a “buy” rating in a research note on Friday, November 25th. TD Securities reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Agnico Eagle Mines Limited in a research note on Monday, October 31st. Zacks Investment Research raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Raymond James Financial, Inc. raised Agnico Eagle Mines Limited from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 25th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines Limited in a research note on Wednesday, October 26th.
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Institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Agnico Eagle Mines Limited by 1.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 762,976 shares of the mining company’s stock valued at $40,644,000 after buying an additional 13,622 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Agnico Eagle Mines Limited during the second quarter valued at $557,000. Commerzbank Aktiengesellschaft FI boosted its position in Agnico Eagle Mines Limited by 6.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 270,853 shares of the mining company’s stock valued at $14,491,000 after buying an additional 15,727 shares in the last quarter. AGF Investments Inc. boosted its position in shares of Agnico Eagle Mines Limited by 131.2% in the second quarter. AGF Investments Inc. now owns 837,304 shares of the mining company’s stock worth $44,793,000 after buying an additional 475,128 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Agnico Eagle Mines Limited by 9.9% in the second quarter. CIBC Asset Management Inc now owns 2,888,338 shares of the mining company’s stock worth $153,578,000 after buying an additional 259,326 shares during the period. Institutional investors and hedge funds own 61.32% of the company’s stock.
Shares of Agnico Eagle Mines Limited (NYSE:AEM) opened at 49.75 on Tuesday. Agnico Eagle Mines Limited has a 1-year low of $32.87 and a 1-year high of $60.10. The stock’s 50 day moving average price is $46.17 and its 200-day moving average price is $48.34. The company has a market capitalization of $11.18 billion, a PE ratio of 139.75 and a beta of -0.51.
Agnico Eagle Mines Limited Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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