Agnico Eagle Mines (NYSE:AEM) Price Target Raised to $91.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price objective upped by TD Securities from $77.00 to $91.00 in a research report report published on Thursday morning, AnalystRatings.com reports. TD Securities currently has a buy rating on the mining company’s stock.

A number of other equities research analysts have also issued reports on AEM. Raymond James upped their price objective on shares of Agnico Eagle Mines from $65.00 to $76.00 and gave the company an outperform rating in a report on Wednesday, July 15th. Scotiabank raised shares of Agnico Eagle Mines from a sector perform rating to a sector outperform rating and increased their price target for the company from $65.00 to $72.00 in a research note on Thursday. Barclays lifted their price target on shares of Agnico Eagle Mines from $68.00 to $71.00 and gave the company an overweight rating in a research report on Monday, July 20th. BMO Capital Markets upped their price objective on Agnico Eagle Mines from $54.00 to $60.00 and gave the company an outperform rating in a report on Friday, May 1st. Finally, CIBC reissued a buy rating and set a $74.00 target price on shares of Agnico Eagle Mines in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $74.92.

NYSE:AEM opened at $79.49 on Thursday. Agnico Eagle Mines has a one year low of $31.00 and a one year high of $79.55. The stock has a market cap of $19.26 billion, a PE ratio of 38.97, a P/E/G ratio of 44.41 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.01 and a current ratio of 3.27. The stock has a 50 day moving average price of $64.38 and a 200 day moving average price of $57.43.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 29th. The mining company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Agnico Eagle Mines had a return on equity of 5.46% and a net margin of 18.46%. The company had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $545.82 million. During the same period in the prior year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, analysts predict that Agnico Eagle Mines will post 1.79 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC raised its holdings in shares of Agnico Eagle Mines by 8.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,190 shares of the mining company’s stock valued at $140,000 after buying an additional 168 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Agnico Eagle Mines by 0.6% during the first quarter. Crossmark Global Holdings Inc. now owns 29,812 shares of the mining company’s stock worth $1,186,000 after purchasing an additional 182 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Agnico Eagle Mines by 2.5% in the fourth quarter. AQR Capital Management LLC now owns 8,419 shares of the mining company’s stock valued at $519,000 after purchasing an additional 205 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Agnico Eagle Mines by 0.3% in the first quarter. Gamco Investors INC. ET AL now owns 74,368 shares of the mining company’s stock valued at $2,959,000 after purchasing an additional 209 shares in the last quarter. Finally, Rathbone Brothers plc grew its holdings in shares of Agnico Eagle Mines by 0.5% in the first quarter. Rathbone Brothers plc now owns 45,380 shares of the mining company’s stock valued at $1,794,000 after purchasing an additional 215 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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