Shares of Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM dropped 4.4% on Friday . The company traded as low as $117.66 and last traded at $117.59. Approximately 899,578 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,581,683 shares. The stock had previously closed at $123.05.
Analyst Ratings Changes
AEM has been the topic of several recent research reports. Raymond James Financial upped their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday. Bank of America lifted their target price on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a report on Monday. Finally, National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and a consensus target price of $130.50.
Check Out Our Latest Report on Agnico Eagle Mines
Agnico Eagle Mines Trading Down 6.5%
The company has a market cap of $57.89 billion, a PE ratio of 24.48, a PEG ratio of 0.91 and a beta of 0.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37. The company has a 50 day simple moving average of $117.61 and a two-hundred day simple moving average of $102.73.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the firm posted $0.76 EPS. The business's quarterly revenue was up 34.9% on a year-over-year basis. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.
Agnico Eagle Mines Announces Dividend
The firm also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.
Institutional Investors Weigh In On Agnico Eagle Mines
Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock valued at $252,000 after buying an additional 331 shares during the last quarter. Private Advisor Group LLC raised its stake in Agnico Eagle Mines by 6.1% in the fourth quarter. Private Advisor Group LLC now owns 9,626 shares of the mining company's stock valued at $753,000 after buying an additional 550 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of Agnico Eagle Mines by 86.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,292 shares of the mining company's stock valued at $649,000 after purchasing an additional 3,848 shares during the period. IFP Advisors Inc lifted its position in Agnico Eagle Mines by 6.0% during the fourth quarter. IFP Advisors Inc now owns 4,709 shares of the mining company's stock worth $368,000 after acquiring an additional 266 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Agnico Eagle Mines by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 479,600 shares of the mining company's stock valued at $37,510,000 after buying an additional 32,961 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.
About Agnico Eagle Mines
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Agnico Eagle Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agnico Eagle Mines wasn't on the list.
While Agnico Eagle Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
