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

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

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

Agnico Eagle Mines Trading Up 4.3 %

Agnico Eagle Mines stock opened at $88.70 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines has a one year low of $44.37 and a one year high of $89.00. The stock has a market capitalization of $44.55 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08. The business’s fifty day moving average is $82.07 and its 200 day moving average is $80.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $29,000. Abich Financial Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the second quarter worth about $32,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines in the third quarter worth about $32,000. Finally, Fifth Third Bancorp raised its stake in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares during the period. Institutional investors 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.