Analysts Set Agnico Eagle Mines Limited (NYSE:AEM) PT at $69.63

Shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $69.63.

AEM has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their target price on Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. CIBC raised their price target on Agnico Eagle Mines from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Raymond James raised their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, TD Securities lifted their target price on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stephens Consulting LLC bought a new position in shares of Agnico Eagle Mines during the 1st quarter worth approximately $30,000. Bruce G. Allen Investments LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 3rd quarter worth approximately $34,000. CVA Family Office LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $36,000. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $66.14 on Friday. The business’s 50-day simple moving average is $58.51 and its 200 day simple moving average is $53.24. The stock has a market cap of $32.98 billion, a price-to-earnings ratio of 69.62, a P/E/G ratio of 0.76 and a beta of 1.04. Agnico Eagle Mines has a 12-month low of $43.22 and a 12-month high of $67.80. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, research analysts anticipate that Agnico Eagle Mines will post 3.23 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 168.42%.

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.