Agnico Eagle Mines (NYSE:AEM) PT Raised to $55.00 at TD Securities

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target increased by TD Securities from $53.00 to $55.00 in a research report sent to investors on Friday, January 12th. TD Securities currently has a hold rating on the mining company’s stock.

A number of other research analysts also recently weighed in on the stock. Credit Suisse Group restated a buy rating and set a $62.00 price target (up previously from $59.00) on shares of Agnico Eagle Mines in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Agnico Eagle Mines from a buy rating to a hold rating in a report on Friday, October 6th. BMO Capital Markets restated a hold rating and set a $47.00 price target on shares of Agnico Eagle Mines in a report on Monday, October 2nd. CSFB raised their price target on shares of Agnico Eagle Mines from $59.00 to $62.00 and gave the company an outperform rating in a report on Thursday, December 28th. Finally, Desjardins reiterated a buy rating on shares of Agnico Eagle Mines in a report on Monday, December 11th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Agnico Eagle Mines presently has a consensus rating of Buy and a consensus price target of $58.05.

Shares of Agnico Eagle Mines (NYSE AEM) traded down $1.02 during trading hours on Friday, hitting $44.77. 1,552,874 shares of the company’s stock were exchanged, compared to its average volume of 1,209,244. The firm has a market cap of $10,660.00, a price-to-earnings ratio of 38.26, a P/E/G ratio of 47.86 and a beta of -0.59. Agnico Eagle Mines has a 52 week low of $39.30 and a 52 week high of $51.86. The company has a quick ratio of 2.70, a current ratio of 3.85 and a debt-to-equity ratio of 0.28.

Several institutional investors have recently modified their holdings of AEM. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $237,000. Schroder Investment Management Group boosted its position in shares of Agnico Eagle Mines by 10.2% during the 2nd quarter. Schroder Investment Management Group now owns 89,875 shares of the mining company’s stock valued at $4,206,000 after acquiring an additional 8,285 shares in the last quarter. AXA boosted its position in shares of Agnico Eagle Mines by 4.5% during the 2nd quarter. AXA now owns 59,663 shares of the mining company’s stock valued at $2,692,000 after acquiring an additional 2,545 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $1,180,000. Finally, Investec Asset Management LTD boosted its position in Agnico Eagle Mines by 0.8% in the second quarter. Investec Asset Management LTD now owns 1,100,510 shares of the mining company’s stock valued at $49,556,000 after buying an additional 8,211 shares in the last quarter. Institutional investors and hedge funds own 58.26% of the company’s stock.

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About Agnico Eagle Mines

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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