Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price increased by research analysts at Raymond James from $76.00 to $82.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. Raymond James’ target price would indicate a potential upside of 3.16% from the company’s previous close.
AEM has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on shares of Agnico Eagle Mines from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Royal Bank of Canada reiterated a “hold” rating on shares of Agnico Eagle Mines in a research note on Thursday, April 16th. CIBC restated a “buy” rating and issued a $74.00 target price on shares of Agnico Eagle Mines in a research note on Friday, May 1st. Zacks Investment Research raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, April 23rd. Finally, TheStreet raised shares of Agnico Eagle Mines from a “c+” rating to a “b-” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $74.92.
NYSE AEM opened at $79.49 on Friday. The company has a quick ratio of 2.01, a current ratio of 3.27 and a debt-to-equity ratio of 0.36. The company has a market cap of $19.26 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 44.41 and a beta of 0.70. Agnico Eagle Mines has a 52 week low of $31.00 and a 52 week high of $79.55. The firm’s 50-day simple moving average is $64.38 and its two-hundred day simple moving average is $57.43.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $557.18 million for the quarter, compared to analyst estimates of $545.82 million. Agnico Eagle Mines had a net margin of 18.46% and a return on equity of 5.46%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. As a group, equities research analysts anticipate that Agnico Eagle Mines will post 1.79 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in AEM. Red Door Wealth Management LLC bought a new stake in Agnico Eagle Mines during the first quarter valued at approximately $26,000. Asset Advisors Investment Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at $38,000. Flagship Harbor Advisors LLC bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth $43,000. Pacifica Partners Inc. lifted its holdings in shares of Agnico Eagle Mines by 60.2% during the 1st quarter. Pacifica Partners Inc. now owns 1,025 shares of the mining company’s stock worth $46,000 after acquiring an additional 385 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Agnico Eagle Mines by 141.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,709 shares of the mining company’s stock worth $68,000 after acquiring an additional 1,000 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.
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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