Brokerages Set Agnico Eagle Mines Limited (NYSE:AEM) Target Price at $72.22

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $72.22.

A number of research firms have recently weighed in on AEM. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday. TD Securities lifted their target price on Agnico Eagle Mines from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $58.00 to $59.00 and gave the stock a “hold” rating in a report on Thursday, June 20th. Citigroup lifted their target price on Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Scotiabank lifted their target price on Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clean Yield Group bought a new position in Agnico Eagle Mines in the first quarter valued at about $60,000. Boston Partners bought a new position in Agnico Eagle Mines in the first quarter valued at about $297,000. Cetera Advisors LLC bought a new position in Agnico Eagle Mines in the first quarter valued at about $293,000. Cetera Investment Advisers bought a new position in Agnico Eagle Mines in the first quarter valued at about $2,517,000. Finally, Western Pacific Wealth Management LP bought a new position in Agnico Eagle Mines in the first quarter valued at about $50,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 1.5 %

Shares of Agnico Eagle Mines stock opened at $65.40 on Friday. The business has a fifty day simple moving average of $66.31 and a two-hundred day simple moving average of $58.01. Agnico Eagle Mines has a 1 year low of $43.22 and a 1 year high of $71.50. The company has a market capitalization of $32.72 billion, a price-to-earnings ratio of 68.84, a P/E/G ratio of 0.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) 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 business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis. Research analysts forecast that Agnico Eagle Mines will post 3.16 EPS for the current year.

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.