Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM had its target price hoisted by stock analysts at CIBC from $134.00 to $165.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "outperformer" rating on the mining company's stock. CIBC's price target suggests a potential upside of 37.84% from the company's previous close.
Several other analysts have also recently issued reports on AEM. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective for the company. Royal Bank Of Canada upped their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Citigroup upped their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Finally, Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average price target of $136.90.
Check Out Our Latest Report on Agnico Eagle Mines
Agnico Eagle Mines Trading Up 0.5%
Shares of NYSE AEM traded up $0.64 during trading on Tuesday, hitting $119.70. 2,374,952 shares of the company traded hands, compared to its average volume of 2,613,159. Agnico Eagle Mines has a 1 year low of $69.72 and a 1 year high of $126.76. The company has a 50-day moving average price of $117.89 and a 200-day moving average price of $106.40. The firm has a market capitalization of $60.19 billion, a P/E ratio of 25.47, a P/E/G ratio of 0.89 and a beta of 0.50. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the previous year, the company earned $0.76 EPS. The business's quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities analysts predict that Agnico Eagle Mines will post 4.63 EPS for the current year.
Hedge Funds Weigh In On Agnico Eagle Mines
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter valued at about $204,000. Dakota Wealth Management boosted its position in Agnico Eagle Mines by 25.3% in the 2nd quarter. Dakota Wealth Management now owns 5,216 shares of the mining company's stock valued at $620,000 after buying an additional 1,053 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Agnico Eagle Mines in the 2nd quarter valued at about $458,000. Perigon Wealth Management LLC boosted its position in Agnico Eagle Mines by 1.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 8,818 shares of the mining company's stock valued at $1,049,000 after buying an additional 150 shares during the last quarter. Finally, TB Alternative Assets Ltd. purchased a new position in Agnico Eagle Mines in the 2nd quarter valued at about $40,629,000. 68.34% of the stock is owned by hedge funds and other institutional investors.
About Agnico Eagle Mines
(
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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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