Agnico Eagle Mines Limited (AEM) Given a $64.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a $64.00 price target on Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in a report released on Sunday, September 10th. The brokerage currently has a buy rating on the mining company’s stock.

Several other research firms also recently commented on AEM. TD Securities upped their target price on Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the company a hold rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a hold rating and issued a $54.00 target price on shares of Agnico Eagle Mines Limited in a research report on Tuesday, July 18th. Zacks Investment Research raised Agnico Eagle Mines Limited from a hold rating to a buy rating and set a $51.00 target price on the stock in a research report on Thursday, July 27th. ValuEngine raised Agnico Eagle Mines Limited from a sell rating to a hold rating in a research report on Friday, June 2nd. Finally, Scotiabank upped their target price on Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the company an outperform rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Agnico Eagle Mines Limited has an average rating of Hold and an average target price of $55.06.

Shares of Agnico Eagle Mines Limited (NYSE AEM) opened at 46.93 on Friday. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 43.13 and a beta of -0.71. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $57.35. The stock’s 50 day moving average price is $47.84 and its 200 day moving average price is $46.25.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The company had revenue of $549.88 million for the quarter, compared to the consensus estimate of $529.43 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post $0.81 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, August 30th. Agnico Eagle Mines Limited’s payout ratio is 36.70%.

Several institutional investors and hedge funds have recently made changes to their positions in AEM. FMR LLC lifted its stake in shares of Agnico Eagle Mines Limited by 10.9% in the 2nd quarter. FMR LLC now owns 11,617,737 shares of the mining company’s stock valued at $523,909,000 after acquiring an additional 1,141,509 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Agnico Eagle Mines Limited by 4.4% in the 1st quarter. Van ECK Associates Corp now owns 17,122,389 shares of the mining company’s stock valued at $726,674,000 after acquiring an additional 717,045 shares during the last quarter. Cidel Asset Management Inc. lifted its stake in shares of Agnico Eagle Mines Limited by 37.6% in the 1st quarter. Cidel Asset Management Inc. now owns 1,370,294 shares of the mining company’s stock valued at $65,409,000 after acquiring an additional 374,562 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Agnico Eagle Mines Limited by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,444,848 shares of the mining company’s stock valued at $245,672,000 after acquiring an additional 352,417 shares during the last quarter. Finally, Credit Suisse AG lifted its stake in shares of Agnico Eagle Mines Limited by 54.5% in the 1st quarter. Credit Suisse AG now owns 808,552 shares of the mining company’s stock valued at $34,315,000 after acquiring an additional 285,248 shares during the last quarter. Institutional investors own 59.02% of the company’s stock.

About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Analyst Recommendations for Agnico Eagle Mines Limited (NYSE:AEM)

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