Traders sold shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) on strength during trading hours on Monday. $9.23 million flowed into the stock on the tick-up and $12.28 million flowed out of the stock on the tick-down, for a money net flow of $3.05 million out of the stock. Of all equities tracked, Agnico Eagle Mines had the 29th highest net out-flow for the day. Agnico Eagle Mines traded up $0.52 for the day and closed at $42.59
AEM has been the topic of a number of recent research reports. GMP Securities downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Citigroup set a $41.00 target price on Agnico Eagle Mines and gave the stock a “hold” rating in a research note on Thursday, March 1st. Credit Suisse Group restated a “buy” rating and issued a $62.00 target price on shares of Agnico Eagle Mines in a research note on Friday, January 26th. TD Securities upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and lowered their target price for the stock from $55.00 to $53.00 in a research note on Wednesday, February 28th. Finally, CSFB upped their target price on Agnico Eagle Mines from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, December 28th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.90.
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. The company has a quick ratio of 2.88, a current ratio of 4.38 and a debt-to-equity ratio of 0.28.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly 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 analysts’ expectations 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 quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. research analysts predict that Agnico Eagle Mines Limited will post 0.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were issued a $0.11 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.44 dividend on an annualized basis and a yield of 1.03%. Agnico Eagle Mines’s payout ratio is 39.64%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. High Pointe Capital Management LLC raised its holdings in Agnico Eagle Mines by 29.0% in the 4th quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock worth $290,000 after purchasing an additional 1,410 shares during the period. US Bancorp DE raised its holdings in Agnico Eagle Mines by 35.2% in the 4th quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock worth $270,000 after purchasing an additional 1,521 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Agnico Eagle Mines by 8.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,573 shares of the mining company’s stock valued at $930,000 after acquiring an additional 1,530 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Agnico Eagle Mines by 4.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 36,600 shares of the mining company’s stock valued at $1,323,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of Agnico Eagle Mines by 24.0% during the third quarter. Virtu Financial LLC now owns 8,857 shares of the mining company’s stock valued at $400,000 after acquiring an additional 1,717 shares during the last quarter. 57.05% of the stock is owned by 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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