Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Monday.
A number of other brokerages have also commented on AEM. Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. Scotiabank upped their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $94.63.
Read Our Latest Analysis on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
Agnico Eagle Mines stock traded down $1.96 on Monday, reaching $96.09. 2,366,097 shares of the stock were exchanged, compared to its average volume of 2,186,741. The firm has a fifty day moving average price of $87.46 and a two-hundred day moving average price of $83.76. The stock has a market cap of $48.32 billion, a PE ratio of 25.42, a PEG ratio of 0.67 and a beta of 1.10. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a twelve month low of $47.73 and a twelve month high of $101.45.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Sell-side analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.
Institutional Trading of Agnico Eagle Mines
Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company's stock worth $91,681,000 after buying an additional 32,991 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Agnico Eagle Mines by 123.2% during the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company's stock valued at $16,448,000 after purchasing an additional 112,712 shares during the last quarter. Caldwell Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock valued at $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Forsta AP Fonden boosted its stake in Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Agnico Eagle Mines by 14.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company's stock valued at $18,223,000 after acquiring an additional 29,106 shares during the last quarter. 68.34% of the stock is owned by institutional investors.
Agnico Eagle Mines Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Agnico Eagle Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agnico Eagle Mines wasn't on the list.
While Agnico Eagle Mines currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
