Shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) have been assigned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $75.33.
A number of analysts recently issued reports on AEM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $61.00 price objective on shares of Agnico Eagle Mines in a report on Thursday, December 5th. Zacks Investment Research raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Tuesday, December 17th. ValuEngine cut Agnico Eagle Mines from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays raised Agnico Eagle Mines from an “equal weight” rating to an “overweight” rating and set a $92.62 price objective on the stock in a report on Wednesday, December 11th. Finally, CIBC reissued a “buy” rating on shares of Agnico Eagle Mines in a report on Wednesday, September 18th.
Shares of AEM opened at $59.21 on Friday. The stock’s 50-day simple moving average is $60.23 and its 200 day simple moving average is $57.21. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 81.97, a price-to-earnings-growth ratio of 34.62 and a beta of -0.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.70 and a current ratio of 1.42. Agnico Eagle Mines has a 52-week low of $38.72 and a 52-week high of $64.88.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, October 23rd. The mining company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. The business had revenue of $683.00 million for the quarter, compared to analysts’ expectations of $683.18 million. Agnico Eagle Mines had a positive return on equity of 3.80% and a negative net margin of 11.06%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, research analysts forecast that Agnico Eagle Mines will post 0.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th were paid a $0.175 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.70 dividend on an annualized basis and a yield of 1.18%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Scout Investments Inc. increased its stake in Agnico Eagle Mines by 32.0% in the 4th quarter. Scout Investments Inc. now owns 246,994 shares of the mining company’s stock worth $15,217,000 after acquiring an additional 59,865 shares during the last quarter. Evoke Wealth LLC bought a new position in Agnico Eagle Mines in the 3rd quarter worth about $252,000. Waratah Capital Advisors Ltd. bought a new position in Agnico Eagle Mines in the 3rd quarter worth about $5,396,000. Millennium Management LLC increased its stake in Agnico Eagle Mines by 1,554.6% in the 3rd quarter. Millennium Management LLC now owns 158,111 shares of the mining company’s stock worth $8,476,000 after acquiring an additional 148,555 shares during the last quarter. Finally, Man Group plc increased its stake in Agnico Eagle Mines by 143.7% in the 3rd quarter. Man Group plc now owns 183,374 shares of the mining company’s stock worth $9,830,000 after acquiring an additional 108,121 shares during the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.
About Agnico Eagle Mines
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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