Agnico Eagle Mines Limited (NYSE:AEM) Given Consensus Recommendation of "Buy" by Analysts

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM has earned an average rating of "Buy" from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and four have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $127.40.

AEM has been the subject of several recent research reports. Raymond James boosted their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. UBS Group boosted their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Bank of America boosted their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Finally, TD Securities reduced their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th.

Agnico Eagle Mines Trading Down 3.4%

Shares of NYSE AEM opened at $117.93 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $114.38 and a two-hundred day simple moving average of $99.22. The firm has a market cap of $59.37 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51. Agnico Eagle Mines has a twelve month low of $63.43 and a twelve month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Agnico Eagle Mines's revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. Analysts expect that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a yield of 1.36%. The ex-dividend date is Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fruth Investment Management grew its stake in Agnico Eagle Mines by 10.3% during the 1st quarter. Fruth Investment Management now owns 6,975 shares of the mining company's stock valued at $756,000 after purchasing an additional 650 shares during the last quarter. Advisors Capital Management LLC grew its stake in Agnico Eagle Mines by 1.1% during the 1st quarter. Advisors Capital Management LLC now owns 113,638 shares of the mining company's stock valued at $12,320,000 after purchasing an additional 1,242 shares during the last quarter. McAdam LLC purchased a new stake in Agnico Eagle Mines during the 1st quarter valued at about $201,000. Intech Investment Management LLC grew its stake in Agnico Eagle Mines by 144.9% during the 1st quarter. Intech Investment Management LLC now owns 68,697 shares of the mining company's stock valued at $7,442,000 after purchasing an additional 40,644 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI grew its stake in Agnico Eagle Mines by 32.6% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 509,058 shares of the mining company's stock valued at $55,214,000 after purchasing an additional 125,223 shares during the last quarter. 68.34% of the stock is 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.

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