Agnico Eagle Mines (NYSE:AEM) Rating Increased to Strong-Buy at BMO Capital Markets

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM was upgraded by stock analysts at BMO Capital Markets to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

AEM has been the subject of a number of other research reports. Raymond James increased their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. TD Securities decreased their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $124.40.

Agnico Eagle Mines Price Performance

AEM stock opened at $122.69 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines has a 52-week low of $61.56 and a 52-week high of $125.94. The company has a market capitalization of $61.75 billion, a P/E ratio of 32.46, a PEG ratio of 0.66 and a beta of 0.87. The company has a fifty day moving average price of $102.95 and a 200-day moving average price of $90.51.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. As a group, equities analysts expect that Agnico Eagle Mines will post 4.63 EPS for the current year.

Institutional Trading of Agnico Eagle Mines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in shares of Agnico Eagle Mines by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after buying an additional 1,431 shares during the last quarter. Caldwell Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 12.0% during the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock valued at $6,812,000 after purchasing an additional 9,400 shares during the last quarter. Forsta AP Fonden increased its holdings in Agnico Eagle Mines by 8.9% during the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock worth $15,256,000 after purchasing an additional 16,000 shares in the last quarter. Resonant Capital Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth approximately $208,000. Finally, US Bancorp DE raised its stake in shares of Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock worth $529,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

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.

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