Agnico Eagle Mines (AEM) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Agnico Eagle Mines (NYSE: AEM) recently:

• 4/30/2024 – Agnico Eagle Mines had its price target raised by analysts at CIBC from $80.00 to $81.00. They now have an “outperform” rating on the stock.
• 4/30/2024 – Agnico Eagle Mines had its price target raised by analysts at TD Securities from $74.00 to $78.00. They now have a “buy” rating on the stock.
• 4/30/2024 – Agnico Eagle Mines had its price target raised by analysts at Citigroup Inc. from $65.00 to $80.00. They now have a “buy” rating on the stock.
• 4/22/2024 – Agnico Eagle Mines had its price target raised by analysts at Jefferies Financial Group Inc. from $54.00 to $57.00. They now have a “hold” rating on the stock.
• 4/8/2024 – Agnico Eagle Mines had its “outperform overweight” rating reaffirmed by analysts at National Bank Financial.

Agnico Eagle Mines Price Performance

AEM opened at $64.24 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. The stock has a market capitalization of $32.03 billion, a P/E ratio of 67.62, a price-to-earnings-growth ratio of 0.88 and a beta of 1.06. The company’s 50 day simple moving average is $57.55 and its 200-day simple moving average is $52.90. Agnico Eagle Mines Limited has a one year low of $43.22 and a one year high of $67.80.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 2.81 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 31st. This represents a $1.60 annualized dividend and a yield of 2.49%. Agnico Eagle Mines’s dividend payout ratio is currently 168.42%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Stephens Consulting LLC acquired a new position in Agnico Eagle Mines in the first quarter valued at approximately $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Agnico Eagle Mines in the 3rd quarter worth $34,000. CVA Family Office LLC acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $36,000. Finally, Janiczek Wealth Management LLC increased its holdings in Agnico Eagle Mines by 406.4% in the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after purchasing an additional 569 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

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.