Agnico Eagle Mines (NYSE:AEM) Price Target Increased to $91.00 by Analysts at TD Securities

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price hoisted by TD Securities from $90.00 to $91.00 in a research report released on Friday, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

AEM has been the topic of a number of other research reports. BMO Capital Markets reduced their price target on Agnico Eagle Mines from $79.00 to $77.00 and set an outperform rating on the stock in a research report on Thursday, June 20th. Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a hold rating in a research report on Friday, July 12th. Citigroup increased their target price on Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Scotiabank increased their target price on Agnico Eagle Mines from $71.00 to $81.00 and gave the company a sector outperform rating in a research note on Thursday, May 23rd. Finally, CIBC raised their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an outperformer rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $78.50.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $73.18 on Friday. The business’s 50 day moving average price is $69.59 and its 200 day moving average price is $61.64. The firm has a market cap of $36.60 billion, a P/E ratio of 77.03, a P/E/G ratio of 0.77 and a beta of 1.06. Agnico Eagle Mines has a 52 week low of $43.22 and a 52 week high of $78.16. The company has a quick ratio of 0.88, a current ratio of 1.51 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.93 by $0.14. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, sell-side analysts expect that Agnico Eagle Mines will post 3.52 earnings per share for the current year.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC lifted its stake in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after purchasing an additional 363 shares in the last quarter. Stephens Consulting LLC purchased a new position in Agnico Eagle Mines in the 1st quarter worth $30,000. Janiczek Wealth Management LLC raised its position in Agnico Eagle Mines by 406.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after purchasing an additional 569 shares during the period. Scarborough Advisors LLC bought a new stake in Agnico Eagle Mines in the 4th quarter worth $47,000. Finally, WASHINGTON TRUST Co grew its holdings in Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

About Agnico Eagle Mines

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.