Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been given a consensus rating of “Buy” by the fourteen analysts that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $55.63.
Several research firms have weighed in on AEM. Zacks Investment Research raised Agnico Eagle Mines from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Citigroup set a $41.00 target price on Agnico Eagle Mines and gave the company a “hold” rating in a report on Thursday, March 1st. TD Securities raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and lowered their target price for the company from $55.00 to $53.00 in a report on Wednesday, February 28th. Royal Bank of Canada lowered their target price on Agnico Eagle Mines from $52.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, March 12th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Agnico Eagle Mines in a report on Friday, March 9th.
Several large investors have recently modified their holdings of the company. High Pointe Capital Management LLC lifted its position in shares of Agnico Eagle Mines by 29.0% in the fourth quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock valued at $290,000 after acquiring an additional 1,410 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Agnico Eagle Mines by 12.1% in the first quarter. Blair William & Co. IL now owns 13,804 shares of the mining company’s stock valued at $581,000 after acquiring an additional 1,487 shares in the last quarter. US Bancorp DE lifted its position in shares of Agnico Eagle Mines by 35.2% in the fourth quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock valued at $270,000 after acquiring an additional 1,521 shares in the last quarter. BlackRock Inc. lifted its position in shares of Agnico Eagle Mines by 1.1% in the first quarter. BlackRock Inc. now owns 146,755 shares of the mining company’s stock valued at $6,174,000 after acquiring an additional 1,629 shares in the last quarter. Finally, Washington Capital Management Inc. lifted its position in shares of Agnico Eagle Mines by 4.2% in the fourth quarter. Washington Capital Management Inc. now owns 42,820 shares of the mining company’s stock valued at $1,977,000 after acquiring an additional 1,745 shares in the last quarter. Institutional investors and hedge funds own 56.53% of the company’s stock.
Shares of Agnico Eagle Mines opened at $43.83 on Monday, MarketBeat.com reports. Agnico Eagle Mines has a 1-year low of $43.55 and a 1-year high of $43.95. The firm has a market cap of $10.18 billion, a P/E ratio of 48.49, a price-to-earnings-growth ratio of 69.27 and a beta of -0.39. The company has a current ratio of 3.63, a quick ratio of 2.24 and a debt-to-equity ratio of 0.28.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 26th. The mining company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Agnico Eagle Mines had a return on equity of 4.29% and a net margin of 9.36%. The business had revenue of $578.40 million for the quarter, compared to analyst estimates of $541.61 million. During the same period in the prior year, the company earned $0.28 EPS. The company’s revenue was up 5.6% on a year-over-year basis. equities analysts predict that Agnico Eagle Mines will post 0.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.11 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.44 annualized dividend and a dividend yield of 1.00%. Agnico Eagle Mines’s dividend payout ratio is currently 39.64%.
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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