Agnico Eagle Mines (NYSE:AEM) PT Lowered to $77.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price trimmed by BMO Capital Markets from $79.00 to $77.00 in a report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the mining company’s stock.

A number of other brokerages also recently issued reports on AEM. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a hold rating in a research note on Monday, April 22nd. TD Securities boosted their price objective on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a buy rating in a research note on Tuesday, April 30th. National Bank Financial reissued an outperform overweight rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Scotiabank upped their price target on Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a sector outperform rating in a research note on Thursday, May 23rd. Finally, Citigroup upped their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $72.22.

Agnico Eagle Mines Trading Up 2.3 %

NYSE AEM opened at $66.09 on Thursday. The business’s 50-day moving average price is $65.94 and its two-hundred day moving average price is $57.41. Agnico Eagle Mines has a 12 month low of $43.22 and a 12 month high of $71.50. The firm has a market capitalization of $33.06 billion, a PE ratio of 69.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, analysts expect that Agnico Eagle Mines will post 3.16 EPS for the current year.

Institutional Trading of Agnico Eagle Mines

Several institutional investors and hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise raised its stake in shares of Agnico Eagle Mines by 2.8% in the first quarter. Banque Cantonale Vaudoise now owns 6,190 shares of the mining company’s stock worth $369,000 after purchasing an additional 169 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Agnico Eagle Mines by 4.7% in the first quarter. Gulf International Bank UK Ltd now owns 5,030 shares of the mining company’s stock worth $300,000 after purchasing an additional 226 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of Agnico Eagle Mines by 1.3% in the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock worth $827,000 after purchasing an additional 242 shares during the last quarter. Violich Capital Management Inc. grew its holdings in shares of Agnico Eagle Mines by 1.4% in the first quarter. Violich Capital Management Inc. now owns 21,654 shares of the mining company’s stock valued at $1,292,000 after acquiring an additional 300 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Agnico Eagle Mines by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 16,031 shares of the mining company’s stock valued at $879,000 after acquiring an additional 339 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

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.