Agnico Eagle Mines (NYSE:AEM) Stock Rating Upgraded by StockNews.com

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other analysts have also issued research reports about the stock. BMO Capital Markets lowered their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. Citigroup increased their price objective on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Thursday, June 20th. Finally, Scotiabank boosted their price objective on Agnico Eagle Mines from $71.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $72.22.

Agnico Eagle Mines Price Performance

AEM opened at $65.40 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21. Agnico Eagle Mines has a 1-year low of $43.22 and a 1-year high of $71.50. The company has a 50-day moving average of $66.31 and a 200-day moving average of $57.95. The company has a market capitalization of $32.72 billion, a P/E ratio of 68.84, a PEG ratio of 0.73 and a beta of 1.11.

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 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 firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 21.2% on a year-over-year basis. Equities analysts expect that Agnico Eagle Mines will post 3.16 EPS for the current fiscal year.

Institutional Trading of Agnico Eagle Mines

A number of institutional investors have recently made changes to their positions in AEM. Stephens Consulting LLC bought a new position in Agnico Eagle Mines during the 1st quarter valued at $30,000. Bruce G. Allen Investments LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth about $33,000. CVA Family Office LLC bought a new stake in Agnico Eagle Mines in the fourth quarter worth about $36,000. Janiczek Wealth Management LLC lifted its holdings in Agnico Eagle Mines by 406.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after acquiring an additional 569 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $47,000. 68.34% of the stock is owned by institutional investors and hedge funds.

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.