Agnico Eagle Mines (NYSE:AEM) PT Raised to $85.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price lifted by stock analysts at Jefferies Financial Group from $68.00 to $85.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 7.84% from the stock’s current price.

A number of other analysts have also recently commented on AEM. UBS Group initiated coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective for the company. StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Scotiabank upped their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada boosted their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, CIBC raised their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Down 1.4 %

AEM stock opened at $78.82 on Friday. Agnico Eagle Mines has a twelve month low of $43.29 and a twelve month high of $85.14. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $79.62 and a 200 day moving average of $70.71. The firm has a market cap of $39.43 billion, a PE ratio of 82.97, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. On average, research analysts forecast that Agnico Eagle Mines will post 3.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors have recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Agnico Eagle Mines by 2.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company’s stock worth $472,000 after buying an additional 158 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Agnico Eagle Mines by 2.8% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,190 shares of the mining company’s stock worth $369,000 after acquiring an additional 169 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Agnico Eagle Mines by 0.3% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock worth $4,043,000 after purchasing an additional 189 shares during the period. Lombard Odier Asset Management Europe Ltd boosted its stake in shares of Agnico Eagle Mines by 0.4% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock worth $3,248,000 after purchasing an additional 190 shares during the period. Finally, Baader Bank Aktiengesellschaft grew its holdings in Agnico Eagle Mines by 4.8% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock valued at $269,000 after purchasing an additional 192 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

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.