Agnico Eagle Mines (TSE:AEM) Rating Lowered to Hold at Freedom Broker

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was downgraded by analysts at Freedom Broker from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Several other research analysts have also recently commented on AEM. National Bank Financial reduced their price target on Agnico Eagle Mines from C$315.00 to C$310.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays lowered their price target on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. TD cut their price objective on Agnico Eagle Mines from C$244.00 to C$242.00 and set a “buy” rating for the company in a report on Tuesday. Stifel Nicolaus decreased their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Finally, Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$292.71.

Agnico Eagle Mines Trading Down 1.3%

Agnico Eagle Mines stock opened at C$243.39 on Thursday. The firm has a 50-day moving average of C$273.27 and a 200-day moving average of C$252.49. Agnico Eagle Mines has a one year low of C$188.48 and a one year high of C$348.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.86 and a quick ratio of 0.89. The company has a market cap of C$121.94 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 22.97 and a beta of 2.00.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The company had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. On average, equities analysts expect that Agnico Eagle Mines will post 5.50 earnings per share for the current fiscal year.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,500 shares of Agnico Eagle Mines stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the completion of the sale, the director owned 16,182 shares of the company’s stock, valued at approximately C$4,423,349.70. This trade represents a 8.48% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.