Agnico Eagle Mines (NYSE:AEM) Upgraded to Strong-Buy at Stifel Canada

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM was upgraded by Stifel Canada to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines' FY2025 earnings at $4.72 EPS, FY2026 earnings at $4.00 EPS, FY2027 earnings at $2.90 EPS and FY2028 earnings at $2.62 EPS.

A number of other research firms have also commented on AEM. Scotiabank boosted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. TD Securities dropped their target price 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. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, StockNews.com cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One investment 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 data from MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus price target of $95.78.

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Agnico Eagle Mines Stock Performance

AEM traded down $0.17 during trading on Wednesday, reaching $104.18. 1,934,187 shares of the company's stock were exchanged, compared to its average volume of 2,323,007. The company has a market capitalization of $52.40 billion, a P/E ratio of 27.56, a PEG ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $96.20 and a 200 day moving average price of $87.12. Agnico Eagle Mines has a fifty-two week low of $55.98 and a fifty-two week high of $107.88.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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, analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $573,446,000. FMR LLC grew its stake in shares of Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock valued at $1,213,311,000 after buying an additional 4,562,005 shares in the last quarter. Capital World Investors increased its holdings in Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after buying an additional 4,121,164 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock worth $551,339,000 after acquiring an additional 3,155,927 shares in the last quarter. Finally, AGF Management Ltd. lifted its stake in Agnico Eagle Mines by 184.6% in the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock valued at $109,205,000 after acquiring an additional 905,328 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.