Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM's stock price hit a new 52-week high during trading on Monday . The company traded as high as $105.16 and last traded at $104.74, with a volume of 263668 shares changing hands. The stock had previously closed at $103.60.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on AEM shares. StockNews.com lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. TD Securities decreased their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $95.78.
Get Our Latest Stock Analysis on AEM
Agnico Eagle Mines Stock Performance
The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $52.48 billion, a PE ratio of 27.60, a PEG ratio of 0.66 and a beta of 1.00. The stock's 50 day moving average price is $95.37 and its two-hundred day moving average price is $86.66.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. On average, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.
Agnico Eagle Mines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. Agnico Eagle Mines's dividend payout ratio (DPR) is 42.33%.
Institutional Investors Weigh In On Agnico Eagle Mines
A number of hedge funds and other institutional investors have recently modified their holdings of AEM. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $29,000. Fifth Third Bancorp grew its position in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. increased its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.
Agnico Eagle Mines Company Profile
(
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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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