Agnico Eagle Mines (NYSE:AEM) (TSE:AEM)‘s stock had its “buy” rating reiterated by investment analysts at Credit Suisse Group in a report issued on Friday, March 9th.
A number of other equities analysts also recently issued reports on the company. Desjardins reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, December 11th. BMO Capital Markets set a $47.00 price target on Agnico Eagle Mines and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. TD Securities upped their target price on Agnico Eagle Mines from $53.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, January 12th. Finally, National Bank Financial downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 16th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.90.
Shares of NYSE AEM traded up $0.52 during trading hours on Friday, reaching $42.59. The stock had a trading volume of 1,230,777 shares, compared to its average volume of 1,467,014. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.88 and a current ratio of 4.38. The firm has a market capitalization of $9,812.18, a price-to-earnings ratio of 38.37, a PEG ratio of 65.22 and a beta of -0.43. Agnico Eagle Mines has a 52-week low of $37.35 and a 52-week high of $51.86.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, February 14th. The mining company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $565.25 million during the quarter, compared to analyst estimates of $552.10 million. Agnico Eagle Mines had a return on equity of 5.19% and a net margin of 10.88%. Agnico Eagle Mines’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share. analysts forecast that Agnico Eagle Mines will post 0.65 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. TD Asset Management Inc. lifted its stake in Agnico Eagle Mines by 13.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,254,897 shares of the mining company’s stock valued at $146,759,000 after buying an additional 393,212 shares in the last quarter. Swiss National Bank lifted its stake in Agnico Eagle Mines by 1.9% in the 4th quarter. Swiss National Bank now owns 2,109,853 shares of the mining company’s stock worth $97,497,000 after purchasing an additional 39,300 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Agnico Eagle Mines by 28.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,430,376 shares of the mining company’s stock worth $66,055,000 after purchasing an additional 318,398 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Agnico Eagle Mines by 16.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,319,235 shares of the mining company’s stock worth $60,922,000 after purchasing an additional 186,433 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Agnico Eagle Mines by 44.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,165,896 shares of the mining company’s stock worth $53,845,000 after purchasing an additional 357,436 shares in the last quarter. 57.05% of the stock is currently owned by hedge funds and other institutional investors.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. The company primarily produces and sells gold, as well as explores for silver, zinc, and copper.
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