Agnico Eagle Mines Limited (NYSE:AEM) Short Interest Update

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 8,850,000 shares, an increase of 53.9% from the May 15th total of 5,750,000 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 3,690,000 shares, the short-interest ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of research analyst reports. Citigroup lifted their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Bank of America increased their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Finally, Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $127.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AEM. MJT & Associates Financial Advisory Group Inc. bought a new position in Agnico Eagle Mines in the 1st quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC bought a new position in Agnico Eagle Mines in the 1st quarter worth approximately $26,000. Private Trust Co. NA increased its position in Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after buying an additional 232 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines during the 1st quarter worth approximately $34,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 2.0%

Shares of AEM traded up $2.42 during midday trading on Friday, reaching $124.51. 2,989,145 shares of the stock were exchanged, compared to its average volume of 2,576,199. The firm has a 50 day simple moving average of $116.10 and a 200-day simple moving average of $100.61. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 12-month low of $63.81 and a 12-month high of $126.76. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 0.66 and a beta of 0.51.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data 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. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business earned $0.76 EPS. The firm's revenue was up 34.9% compared to the same quarter last year. Research analysts forecast that Agnico Eagle Mines will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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

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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