Agnico Eagle Mines Limited (NYSE:AEM) Receives $95.78 Consensus Target Price from Analysts

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has received an average recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $95.78.

AEM has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st.

Institutional Trading of Agnico Eagle Mines

Several large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC increased 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 worth $28,000 after buying an additional 318 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $29,000. Fifth Third Bancorp lifted its position in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 2.9 %

Shares of Agnico Eagle Mines stock opened at $107.82 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 12-month low of $58.18 and a 12-month high of $107.89. The firm has a market capitalization of $54.23 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The stock’s fifty day moving average is $97.52 and its 200-day moving average is $87.58.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data 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 net margin of 22.88% and a return on equity of 10.45%. Equities analysts anticipate that Agnico Eagle Mines will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s payout ratio is presently 42.33%.

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.