Agnico Eagle Mines (NYSE:AEM) Price Target Raised to $130.00 at Raymond James

Agnico Eagle Mines (NYSE:AEM - Free Report) TSE: AEM had its price objective boosted by Raymond James from $105.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the mining company's stock.

AEM has been the topic of several other reports. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Citigroup upped their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Scotiabank boosted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Finally, UBS Group cut Agnico Eagle Mines from a "buy" rating to a "neutral" rating and increased their price target for the company from $100.00 to $110.00 in a research note on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of "Buy" and a consensus price target of $111.40.

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Agnico Eagle Mines Stock Up 5.6 %

AEM stock traded up $5.62 during mid-day trading on Friday, reaching $105.75. The company had a trading volume of 6,738,120 shares, compared to its average volume of 2,399,780. The company has a market capitalization of $53.19 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines has a 52 week low of $60.15 and a 52 week high of $111.04. The stock has a 50 day simple moving average of $100.37 and a two-hundred day simple moving average of $89.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data 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 net margin of 22.88% and a return on equity of 10.45%. As a group, equities analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is 42.33%.

Institutional Trading of Agnico Eagle Mines

A number of institutional investors have recently bought and sold shares of AEM. Captrust Financial Advisors boosted its stake in shares of Agnico Eagle Mines by 7.0% in the third quarter. Captrust Financial Advisors now owns 5,316 shares of the mining company's stock valued at $428,000 after buying an additional 349 shares during the period. Verition Fund Management LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter valued at $333,000. Benjamin Edwards Inc. bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $432,000. Hilltop Holdings Inc. grew its holdings in shares of Agnico Eagle Mines by 42.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 7,042 shares of the mining company's stock worth $567,000 after purchasing an additional 2,102 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Agnico Eagle Mines by 10.8% in the third quarter. HighTower Advisors LLC now owns 50,066 shares of the mining company's stock worth $4,035,000 after purchasing an additional 4,865 shares during the period. Institutional investors own 68.34% of the company's stock.

About Agnico Eagle Mines

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.