Scotiabank upgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) from a sector perform rating to a sector outperform rating in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. They currently have $72.00 target price on the mining company’s stock, up from their prior target price of $65.00.
Several other research analysts have also recently weighed in on AEM. Barclays upped their price target on shares of Agnico Eagle Mines from $68.00 to $71.00 and gave the company an overweight rating in a report on Monday, July 20th. BMO Capital Markets upped their target price on shares of Agnico Eagle Mines from $54.00 to $60.00 and gave the stock an outperform rating in a research note on Friday, May 1st. TD Securities dropped their price target on Agnico Eagle Mines from $77.00 to $76.00 and set a buy rating on the stock in a research note on Friday, May 1st. CIBC restated a buy rating and issued a $74.00 price target on shares of Agnico Eagle Mines in a report on Friday, May 1st. Finally, TheStreet upgraded Agnico Eagle Mines from a c+ rating to a b- rating in a report on Thursday, May 14th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $74.92.
Shares of Agnico Eagle Mines stock opened at $79.49 on Thursday. The company has a market capitalization of $19.26 billion, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 44.41 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.27 and a quick ratio of 2.01. The business has a 50-day moving average of $64.38 and a two-hundred day moving average of $57.43. Agnico Eagle Mines has a 1 year low of $31.00 and a 1 year high of $79.55.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data 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 business had revenue of $557.18 million during the quarter, compared to analyst estimates of $545.82 million. During the same period in the previous year, the firm earned $0.12 EPS. Agnico Eagle Mines’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines will post 1.79 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank grew its stake in shares of Agnico Eagle Mines by 5.4% in the second quarter. Comerica Bank now owns 12,402 shares of the mining company’s stock valued at $868,000 after buying an additional 640 shares in the last quarter. Heathbridge Capital Management Ltd. acquired a new position in shares of Agnico Eagle Mines during the 2nd quarter worth about $268,000. Symons Capital Management Inc. increased its stake in shares of Agnico Eagle Mines by 16.1% during the 2nd quarter. Symons Capital Management Inc. now owns 187,655 shares of the mining company’s stock worth $12,021,000 after purchasing an additional 26,055 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $43,000. Finally, Kovack Advisors Inc. acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at about $399,000. 60.95% of the stock is owned by hedge funds and other institutional investors.
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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