Agnico Eagle Mines (NYSE:AEM) Sets New 52-Week High at $62.52

Shares of Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM reached a new 52-week high on Monday . The stock traded as high as $62.52 and last traded at $62.52, with a volume of 22029 shares trading hands. The stock had previously closed at $62.00.

Wall Street Analyst Weigh In

AEM has been the topic of a number of research reports. CIBC lowered their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. TD Securities dropped their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. Raymond James upped their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a report on Friday, January 12th. National Bank Financial reissued an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Finally, Jefferies Financial Group started coverage on Agnico Eagle Mines in a research note on Thursday, February 29th. They set a "hold" rating and a $54.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $63.71.

Agnico Eagle Mines Trading Down 1.4 %

The firm has a market capitalization of $30.45 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 26.94 and a beta of 1.06. The business's 50 day moving average price is $52.42 and its 200-day moving average price is $50.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $0.41 earnings per share. The company's revenue for the quarter was up 26.9% compared to the same quarter last year. Equities analysts forecast that Agnico Eagle Mines Limited will post 2.3 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines's dividend payout ratio (DPR) is 38.93%.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its holdings in Agnico Eagle Mines by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company's stock valued at $1,264,791,000 after buying an additional 1,995,127 shares during the last quarter. FIL Ltd grew its position in Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company's stock valued at $1,102,481,000 after acquiring an additional 2,831,794 shares during the period. Vanguard Group Inc. lifted its stake in shares of Agnico Eagle Mines by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 17,562,802 shares of the mining company's stock valued at $963,320,000 after purchasing an additional 338,264 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Agnico Eagle Mines by 1.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company's stock worth $626,981,000 after purchasing an additional 152,166 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Agnico Eagle Mines by 13.9% during the fourth quarter. Mackenzie Financial Corp now owns 9,852,941 shares of the mining company's stock worth $511,175,000 after buying an additional 1,199,348 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

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.