Agnico Eagle Mines Limited (NYSE:AEM) Receives $63.71 Average Target Price from Analysts

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM has earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $63.71.

A number of brokerages recently commented on AEM. TD Securities decreased their target price on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, February 21st. Raymond James lifted their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research report on Friday, January 12th. Jefferies Financial Group assumed coverage on shares of Agnico Eagle Mines in a research note on Thursday, February 29th. They issued a "hold" rating and a $54.00 target price on the stock. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Wednesday, January 3rd. Finally, CIBC lowered their price objective 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.

Agnico Eagle Mines Stock Up 1.7 %

Shares of AEM traded up $1.07 on Tuesday, reaching $62.22. The company's stock had a trading volume of 3,128,329 shares, compared to its average volume of 3,212,732. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines has a twelve month low of $43.22 and a twelve month high of $62.77. The stock has a market capitalization of $30.99 billion, a PE ratio of 15.14, a PEG ratio of 26.94 and a beta of 1.06. The firm has a fifty day moving average of $52.90 and a 200-day moving average of $51.09.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its 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. The firm 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%. The company's revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Equities analysts predict that Agnico Eagle Mines will post 2.3 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. Agnico Eagle Mines's payout ratio is 38.93%.

Institutional Trading of Agnico Eagle Mines

Several hedge funds and other institutional investors have recently bought and sold shares of AEM. Blair William & Co. IL lifted its holdings in shares of Agnico Eagle Mines by 5.9% during the 3rd quarter. Blair William & Co. IL now owns 23,718 shares of the mining company's stock valued at $1,078,000 after purchasing an additional 1,313 shares during the last quarter. Raymond James & Associates raised its stake in Agnico Eagle Mines by 15.5% in the 4th quarter. Raymond James & Associates now owns 364,440 shares of the mining company's stock worth $19,990,000 after acquiring an additional 48,782 shares during the last quarter. Wellington Management Group LLP raised its stake in Agnico Eagle Mines by 5.7% in the 3rd quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company's stock worth $28,752,000 after acquiring an additional 34,072 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Agnico Eagle Mines in the 4th quarter worth $41,610,000. Finally, Sprott Inc. raised its stake in Agnico Eagle Mines by 4.1% in the 3rd quarter. Sprott Inc. now owns 1,412,300 shares of the mining company's stock worth $65,249,000 after acquiring an additional 55,032 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

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.