Agnico Eagle Mines (NYSE:AEM) PT Raised to $57.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price hoisted by analysts at Jefferies Financial Group from $54.00 to $57.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s price target suggests a potential downside of 9.41% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. TD Securities cut their target price on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Raymond James boosted their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. CIBC lowered their price target on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.14.

Agnico Eagle Mines Stock Up 1.1 %

AEM stock opened at $62.92 on Monday. The stock has a market capitalization of $31.37 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.96 and a beta of 1.06. The firm has a 50-day simple moving average of $55.81 and a 200-day simple moving average of $52.29. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines has a 52 week low of $43.22 and a 52 week high of $64.19.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. Equities analysts forecast that Agnico Eagle Mines will post 2.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently bought and sold shares of AEM. Stephens Consulting LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter worth approximately $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter worth approximately $34,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $36,000. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 406.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

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.