Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM)‘s stock had its “hold” rating restated by investment analysts at Royal Bank Of Canada in a report released on Tuesday, July 18th. They currently have a $54.00 price objective on the mining company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 20.54% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, May 11th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $61.00 target price on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. TD Securities reaffirmed a “hold” rating and set a $48.00 target price on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. ValuEngine raised shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Scotiabank reaffirmed an “outperform” rating and set a $56.50 target price on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Agnico Eagle Mines Limited presently has an average rating of “Buy” and an average price target of $54.81.
Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded down 1.80% on Tuesday, hitting $44.80. 1,490,405 shares of the stock were exchanged. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $60.10. The firm has a market capitalization of $10.36 billion, a PE ratio of 41.18 and a beta of -0.67. The company has a 50-day moving average price of $45.79 and a 200-day moving average price of $45.94.
Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. The business had revenue of $549.88 million during the quarter, compared to the consensus estimate of $529.43 million. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. Agnico Eagle Mines Limited’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. Equities research analysts expect that Agnico Eagle Mines Limited will post $0.77 earnings per share for the current year.
Several institutional investors have recently modified their holdings of AEM. Allianz Asset Management AG purchased a new position in shares of Agnico Eagle Mines Limited during the fourth quarter valued at approximately $402,000. Renaissance Technologies LLC boosted its position in shares of Agnico Eagle Mines Limited by 321.1% in the fourth quarter. Renaissance Technologies LLC now owns 71,736 shares of the mining company’s stock valued at $3,012,000 after buying an additional 54,700 shares during the last quarter. ICM Asset Management Inc. WA purchased a new position in shares of Agnico Eagle Mines Limited during the fourth quarter valued at approximately $584,000. Puplava Financial Services Inc. boosted its position in shares of Agnico Eagle Mines Limited by 1.2% in the first quarter. Puplava Financial Services Inc. now owns 6,879 shares of the mining company’s stock valued at $292,000 after buying an additional 84 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Agnico Eagle Mines Limited by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 67,053 shares of the mining company’s stock valued at $2,840,000 after buying an additional 1,325 shares during the last quarter. Institutional investors own 60.69% of the company’s stock.
About Agnico Eagle Mines Limited
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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