Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) has earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $53.96.
Several research firms have issued reports on AEM. Zacks Investment Research cut shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. CIBC reaffirmed a “buy” rating and set a $59.00 price target on shares of Agnico Eagle Mines in a research note on Monday, June 24th. Citigroup reaffirmed a “buy” rating and set a $25.00 price target on shares of Propetro in a research note on Tuesday, July 2nd. Desjardins reaffirmed an “average” rating and set a $63.00 price target on shares of Agnico Eagle Mines in a research note on Wednesday, May 15th. Finally, Barclays set a $192.00 price target on shares of Tesla and gave the stock a “sell” rating in a research note on Tuesday, April 9th.
Hedge funds have recently made changes to their positions in the company. Carroll Financial Associates Inc. lifted its holdings in shares of Agnico Eagle Mines by 64.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 546 shares of the mining company’s stock worth $27,000 after acquiring an additional 213 shares during the period. PRW Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the 4th quarter worth about $26,000. SeaBridge Investment Advisors LLC lifted its holdings in shares of Agnico Eagle Mines by 66.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the mining company’s stock worth $51,000 after acquiring an additional 400 shares during the period. Signaturefd LLC lifted its holdings in shares of Agnico Eagle Mines by 36.2% during the 1st quarter. Signaturefd LLC now owns 1,743 shares of the mining company’s stock worth $76,000 after acquiring an additional 463 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 61.86% of the company’s stock.
NYSE AEM traded down $0.52 during trading hours on Friday, reaching $53.55. The company’s stock had a trading volume of 1,510,803 shares, compared to its average volume of 1,504,789. The company has a market cap of $12.75 billion, a PE ratio of 180.23, a PEG ratio of 98.01 and a beta of -0.40. Agnico Eagle Mines has a fifty-two week low of $32.18 and a fifty-two week high of $54.20. The business’s 50-day moving average price is $49.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.96.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 25th. The mining company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.07. Agnico Eagle Mines had a negative net margin of 15.60% and a positive return on equity of 1.47%. The firm had revenue of $532.20 million for the quarter, compared to analysts’ expectations of $515.52 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Agnico Eagle Mines will post 0.55 earnings per share for the current year.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
See Also: Federal Reserve
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.