Shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) have received a consensus rating of “Buy” from the fifteen analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $55.96.
A number of research analysts have issued reports on the stock. GMP Securities upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, April 22nd. ValuEngine upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Citigroup set a $55.00 price target on shares of Agnico Eagle Mines and gave the company a “hold” rating in a research report on Tuesday, July 2nd. Finally, Desjardins reiterated an “average” rating and issued a $63.00 price target on shares of Agnico Eagle Mines in a research report on Wednesday, May 15th.
A number of hedge funds have recently made changes to their positions in AEM. Advisory Services Network LLC acquired a new position in Agnico Eagle Mines in the second quarter valued at about $26,000. Carroll Financial Associates Inc. grew its position in Agnico Eagle Mines by 64.0% in the second quarter. Carroll Financial Associates Inc. now owns 546 shares of the mining company’s stock valued at $27,000 after acquiring an additional 213 shares during the last quarter. SeaBridge Investment Advisors LLC grew its position in Agnico Eagle Mines by 66.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the mining company’s stock valued at $51,000 after acquiring an additional 400 shares during the last quarter. Signaturefd LLC grew its position in Agnico Eagle Mines by 36.2% in the first quarter. Signaturefd LLC now owns 1,743 shares of the mining company’s stock valued at $76,000 after acquiring an additional 463 shares during the last quarter. Finally, Tyers Asset Management LLC grew its position in Agnico Eagle Mines by 25.0% in the second quarter. Tyers Asset Management LLC now owns 1,680 shares of the mining company’s stock valued at $83,000 after acquiring an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 60.66% of the company’s stock.
NYSE:AEM traded down $0.28 during mid-day trading on Wednesday, reaching $58.40. 2,221,900 shares of the company were exchanged, compared to its average volume of 1,375,253. Agnico Eagle Mines has a 12 month low of $32.18 and a 12 month high of $60.63. The firm’s fifty day moving average is $53.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.63 and a current ratio of 1.29. The stock has a market capitalization of $13.98 billion, a PE ratio of 151.90, a PEG ratio of 78.99 and a beta of -0.42.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 24th. The mining company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Agnico Eagle Mines had a negative net margin of 14.74% and a positive return on equity of 1.92%. The company had revenue of $526.60 million for the quarter, compared to the consensus estimate of $490.93 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts predict that Agnico Eagle Mines will post 0.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.22 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 29th.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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