Agnico Eagle Mines (NYSE:AEM) PT Raised to $57.00

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM had its price objective increased by investment analysts at Jefferies Financial Group from $54.00 to $57.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a "hold" rating on the mining company's stock. Jefferies Financial Group's price target suggests a potential downside of 8.39% from the stock's previous close.

Several other equities analysts have also recently weighed in on AEM. National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. TD Securities lowered their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. CIBC lowered their target price on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Wednesday, February 7th. Finally, Raymond James upped their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of "Moderate Buy" and an average target price of $64.14.

Agnico Eagle Mines Price Performance

Shares of AEM traded down $1.62 on Monday, hitting $62.22. The company's stock had a trading volume of 4,447,710 shares, compared to its average volume of 3,298,632. The company has a market capitalization of $31.02 billion, a PE ratio of 15.14, a PEG ratio of 0.96 and a beta of 1.06. Agnico Eagle Mines has a fifty-two week low of $43.22 and a fifty-two week high of $64.19. The company has a 50 day moving average price of $55.15 and a 200 day moving average price of $52.04. 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, topping analysts' consensus estimates of $0.48 by $0.09. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. Agnico Eagle Mines's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, research analysts anticipate that Agnico Eagle Mines will post 2.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AEM. CWM LLC grew its stake in shares of Agnico Eagle Mines by 64.6% during the third quarter. CWM LLC now owns 4,181 shares of the mining company's stock worth $190,000 after acquiring an additional 1,641 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 3rd quarter worth $231,000. Ronald Blue Trust Inc. increased its position in shares of Agnico Eagle Mines by 163.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,578 shares of the mining company's stock worth $79,000 after purchasing an additional 979 shares during the last quarter. Royal Fund Management LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at about $1,098,000. Finally, Koshinski Asset Management Inc. purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at about $204,000. 68.34% of the stock is 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.