TD Securities Cuts Agnico Eagle Mines (NYSE:AEM) Price Target to $106.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target trimmed by TD Securities from $108.00 to $106.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 17th. Scotiabank raised their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $94.63.

Agnico Eagle Mines Trading Down 2.0 %

AEM opened at $96.09 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $48.32 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.67 and a beta of 1.10. Agnico Eagle Mines has a 12 month low of $47.73 and a 12 month high of $101.45. The stock has a fifty day moving average price of $87.71 and a 200-day moving average price of $83.92.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. As a group, equities research analysts anticipate that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AEM. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines in the fourth quarter valued at $29,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the third quarter worth about $32,000. Finally, Fifth Third Bancorp boosted its stake in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

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.