Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target cut by stock analysts at Canaccord Genuity from $115.00 to $110.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has a "buy" rating on the mining company's stock. Canaccord Genuity's target price would suggest a potential upside of 78.80% from the stock's previous close.
A number of other equities research analysts have also recently commented on AEM. TheStreet cut Agnico Eagle Mines from a "b" rating to a "c+" rating in a research report on Friday, February 19th. Raymond James cut their price target on shares of Agnico Eagle Mines from $95.00 to $91.00 and set an "outperform" rating for the company in a report on Friday, January 15th. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a "sell" rating to a "hold" rating and set a $70.00 price objective for the company in a research report on Tuesday, February 16th. BMO Capital Markets lifted their target price on shares of Agnico Eagle Mines from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, October 29th. Finally, TD Securities restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Thursday, February 18th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Agnico Eagle Mines has a consensus rating of "Buy" and a consensus price target of $85.67.
Shares of AEM stock traded down $0.12 during trading hours on Tuesday, hitting $61.52. The company's stock had a trading volume of 46,814 shares, compared to its average volume of 1,403,450. The stock has a market cap of $14.98 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 18.13 and a beta of 0.63. Agnico Eagle Mines has a 12-month low of $31.00 and a 12-month high of $89.23. The company has a 50 day moving average of $68.79 and a 200 day moving average of $74.61. The company has a current ratio of 2.37, a quick ratio of 1.04 and a debt-to-equity ratio of 0.30.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, February 11th. The mining company reported $0.67 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.65 by $0.02. Agnico Eagle Mines had a return on equity of 7.22% and a net margin of 21.54%. During the same quarter last year, the company posted $0.37 earnings per share. As a group, analysts anticipate that Agnico Eagle Mines will post 1.94 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penbrook Management LLC acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $41,000. Addison Advisors LLC acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $44,000. Black Swift Group LLC purchased a new position in Agnico Eagle Mines in the fourth quarter worth approximately $71,000. Steward Partners Investment Advisory LLC increased its stake in Agnico Eagle Mines by 47.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,095 shares of the mining company's stock worth $77,000 after acquiring an additional 350 shares during the last quarter. Finally, Exane Derivatives raised its position in Agnico Eagle Mines by 85.7% in the fourth quarter. Exane Derivatives now owns 1,166 shares of the mining company's stock valued at $82,000 after purchasing an additional 538 shares during the period. 61.62% of the stock is currently owned by institutional investors and hedge funds.
About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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