TD Securities upgraded shares of Agnico Eagle Mines (NYSE:AEM - Free Report) TSE: AEM to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Several other brokerages also recently commented on AEM. UBS Group lifted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective for the company in a report on Monday, June 30th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Finally, Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and an average price target of $136.90.
Read Our Latest Report on AEM
Agnico Eagle Mines Stock Down 0.8%
Shares of NYSE AEM traded down $0.89 during mid-day trading on Thursday, reaching $117.72. 1,872,910 shares of the company's stock were exchanged, compared to its average volume of 2,614,584. The firm has a market capitalization of $59.19 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.87 and a beta of 0.50. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $117.99 and a 200 day simple moving average of $106.95. Agnico Eagle Mines has a twelve month low of $69.72 and a twelve month high of $126.76.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm posted $0.76 earnings per share. Agnico Eagle Mines's revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts expect that Agnico Eagle Mines will post 4.63 EPS for the current fiscal year.
Agnico Eagle Mines Announces Dividend
The company also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's payout ratio is presently 34.04%.
Institutional Trading of Agnico Eagle Mines
A number of hedge funds and other institutional investors have recently made changes to their positions in AEM. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Agnico Eagle Mines in the 1st quarter worth about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in Agnico Eagle Mines during the 1st quarter valued at approximately $26,000. Private Trust Co. NA raised its position in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Agnico Eagle Mines during the 1st quarter valued at approximately $34,000. Finally, Dagco Inc. bought a new position in Agnico Eagle Mines during the 1st quarter valued at approximately $39,000. 68.34% of the stock is currently owned by institutional investors.
Agnico Eagle Mines Company Profile
(
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.
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