Today, Agnico Eagle Mines Ltd. (AEM) Receives Hold Rating from TD Securities

Today, Agnico Eagle Mines Ltd. (AEM) Receives Hold Rating from TD Securities

TD Securities reiterated their hold rating on shares of Agnico Eagle Mines Ltd. (NYSE:AEM) (TSE:AEM) in a research note released on Monday. TD Securities currently has a $61.00 target price on the mining company’s stock.

Several other brokerages have also weighed in on AEM. Citigroup Inc. began coverage on shares of Agnico Eagle Mines in a research report on Tuesday, August 2nd. They issued a sell rating and a $44.00 price objective on the stock. Barclays PLC increased their price objective on shares of Agnico Eagle Mines from $50.00 to $61.00 and gave the company an overweight rating in a research report on Monday, August 8th. RBC Capital Markets lowered shares of Agnico Eagle Mines from an outperform rating to a sector perform rating and set a $67.00 price objective on the stock. in a research report on Monday, August 8th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an outperform rating to a sector perform rating and set a $67.00 price objective on the stock. in a research report on Monday, August 8th. Finally, Zacks Investment Research downgraded shares of Agnico Eagle Mines from a buy rating to a hold rating in a research note on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $56.34.

Agnico Eagle Mines (NYSE:AEM) opened at 39.84 on Monday. The company’s 50-day moving average is $46.90 and its 200 day moving average is $51.10. Agnico Eagle Mines has a one year low of $24.93 and a one year high of $60.10. The company has a market capitalization of $8.95 billion, a P/E ratio of 111.91 and a beta of -0.42.

Agnico Eagle Mines (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 26th. The mining company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The company had revenue of $610.86 million for the quarter, compared to analyst estimates of $555.47 million. Agnico Eagle Mines had a net margin of 3.80% and a return on equity of 2.27%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. Analysts predict that Agnico Eagle Mines will post $0.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 88.89%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its position in shares of Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock worth $116,000 after buying an additional 157 shares during the period. Creative Planning raised its position in shares of Agnico Eagle Mines by 25.3% in the third quarter. Creative Planning now owns 2,974 shares of the mining company’s stock worth $161,000 after buying an additional 600 shares during the period. Seven Eight Capital LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter worth about $198,000. Cipher Capital LP acquired a new position in shares of Agnico Eagle Mines during the second quarter worth about $216,000. Finally, US Bancorp DE raised its position in shares of Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock worth $232,000 after buying an additional 476 shares during the period. Institutional investors and hedge funds own 62.14% of the company’s stock.

Agnico Eagle Mines Company Profile

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