Agnico Eagle Mines Ltd. (NYSE:AEM) (TSE:AEM)‘s stock had its “buy” rating reiterated by analysts at Credit Suisse Group AG in a report released on Friday. They presently have a $69.00 price target on the mining company’s stock. Credit Suisse Group AG’s target price points to a potential upside of 73.19% from the stock’s current price.
AEM has been the subject of a number of other reports. RBC Capital Markets reissued a “sector perform” rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. TD Securities reissued a “hold” rating and set a $61.00 price objective on shares of Agnico Eagle Mines in a report on Monday, October 31st. Zacks Investment Research raised Agnico Eagle Mines from a “sell” rating to a “hold” rating in a report on Tuesday. Raymond James Financial Inc. raised Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 25th. Finally, Citigroup Inc. started coverage on Agnico Eagle Mines in a report on Tuesday, August 2nd. They issued a “sell” rating and a $44.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $57.13.
Agnico Eagle Mines (NYSE:AEM) traded up 2.61% during mid-day trading on Friday, reaching $40.88. 1,313,060 shares of the company’s stock were exchanged. The stock has a market cap of $9.18 billion, a P/E ratio of 114.83 and a beta of -0.42. Agnico Eagle Mines has a 52 week low of $24.93 and a 52 week high of $60.10. The stock has a 50-day moving average price of $46.90 and a 200-day moving average price of $51.10.
Agnico Eagle Mines (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 26th. The mining company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The company earned $610.86 million during the quarter, compared to analysts’ expectations of $555.47 million. Agnico Eagle Mines had a return on equity of 2.27% and a net margin of 3.80%. The business’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $0.02 earnings per share. On average, analysts forecast that Agnico Eagle Mines will post $0.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 88.89%.
Several institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock valued at $116,000 after buying an additional 157 shares during the period. Creative Planning boosted its position in Agnico Eagle Mines by 25.3% in the third quarter. Creative Planning now owns 2,974 shares of the mining company’s stock valued at $161,000 after buying an additional 600 shares during the period. Seven Eight Capital LLC acquired a new position in Agnico Eagle Mines during the second quarter valued at $198,000. Cipher Capital LP acquired a new position in Agnico Eagle Mines during the second quarter valued at $216,000. Finally, US Bancorp DE boosted its position in Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock valued at $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