Agnico Eagle Mines (NYSE:AEM) Given "Outperform Overweight" Rating at National Bank Financial

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM's stock had its "outperform overweight" rating reiterated by investment analysts at National Bank Financial in a research report issued on Monday, Zacks.com reports.

A number of other brokerages also recently issued reports on AEM. Jefferies Financial Group assumed coverage on shares of Agnico Eagle Mines in a report on Thursday, February 29th. They set a "hold" rating and a $54.00 price target for the company. TD Securities cut their price target on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. CIBC cut their price target on shares of 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 raised their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an "outperform" rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.71.

Agnico Eagle Mines Price Performance

AEM stock traded down $0.22 during mid-day trading on Monday, reaching $61.45. The company's stock had a trading volume of 5,718,276 shares, compared to its average volume of 3,236,674. The stock has a market cap of $30.64 billion, a PE ratio of 14.95, a P/E/G ratio of 0.93 and a beta of 1.06. 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 fifty-two week low of $43.22 and a fifty-two week high of $64.19. The company's 50 day moving average is $53.62 and its two-hundred day moving average is $51.33.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. The company 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 quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. Equities research analysts expect that Agnico Eagle Mines will post 2.47 EPS for the current year.

Institutional Trading of Agnico Eagle Mines

Several institutional investors have recently added to or reduced their stakes in AEM. Annex Advisory Services LLC purchased a new position in Agnico Eagle Mines in the 1st quarter valued at approximately $3,308,000. Global Assets Advisory LLC purchased a new position in Agnico Eagle Mines in the 1st quarter valued at approximately $2,691,000. Murphy Pohlad Asset Management LLC boosted its position in Agnico Eagle Mines by 2.1% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 60,182 shares of the mining company's stock valued at $3,590,000 after buying an additional 1,266 shares during the period. Royal Fund Management LLC boosted its position in Agnico Eagle Mines by 5.9% in the 1st quarter. Royal Fund Management LLC now owns 26,412 shares of the mining company's stock valued at $1,575,000 after buying an additional 1,461 shares during the period. Finally, Benson Investment Management Company Inc. purchased a new position in Agnico Eagle Mines in the 1st quarter valued at approximately $5,287,000. Institutional investors and hedge funds own 68.34% of the company's stock.

About Agnico Eagle Mines

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.