Shares of Agnico Eagle Mines Ltd. (NYSE:AEM) have been assigned an average rating of “Hold” from the twenty-two brokerages that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $54.06.
A number of research analysts have recently weighed in on the company. BMO Capital Markets set a $72.30 price target on Agnico Eagle Mines and gave the company a “hold” rating in a report on Sunday, September 18th. RBC Capital Markets reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. Zacks Investment Research downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Citigroup Inc. reissued a “sell” rating on shares of Agnico Eagle Mines in a research report on Thursday, August 18th. Finally, TD Securities reissued a “hold” rating and set a $61.00 price objective (up previously from $56.00) on shares of Agnico Eagle Mines in a research report on Saturday, August 13th.
Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock valued at $116,000 after buying an additional 157 shares in the last quarter. USA Mutuals Advisors Inc. acquired a new position in Agnico Eagle Mines during the first quarter valued at $181,000. Seven Eight Capital LLC acquired a new position in Agnico Eagle Mines during the second quarter valued at $198,000. Cipher Capital LP acquired a new position in Agnico Eagle Mines during the second quarter valued at $216,000. Finally, US Bancorp DE boosted its position in Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock valued at $232,000 after buying an additional 476 shares in the last quarter. 62.03% of the stock is owned by institutional investors and hedge funds.
Shares of Agnico Eagle Mines (NYSE:AEM) opened at 55.15 on Tuesday. Agnico Eagle Mines has a 52 week low of $24.80 and a 52 week high of $60.10. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 380.34 and a beta of -0.57. The firm’s 50-day moving average price is $54.27 and its 200-day moving average price is $48.99.
Agnico Eagle Mines (NYSE:AEM) last issued its quarterly earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Agnico Eagle Mines had a return on equity of 1.88% and a net margin of 1.61%. The business had revenue of $537.60 million for the quarter, compared to the consensus estimate of $507.37 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Agnico Eagle Mines’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines will post $0.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, August 30th. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.08. Agnico Eagle Mines’s payout ratio is currently 213.35%.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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