TD Securities Has Lowered Expectations for Agnico Eagle Mines (NYSE:AEM) Stock Price

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM had its target price dropped by investment analysts at TD Securities from $108.00 to $106.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the mining company's stock. TD Securities' target price would suggest a potential upside of 10.32% from the stock's current price.

AEM has been the subject of a number of other reports. StockNews.com upgraded Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research report on Monday. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Scotiabank upped their target price on 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, Jefferies Financial Group upped their target price 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. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $94.63.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded down $1.96 during midday trading on Wednesday, hitting $96.09. 2,378,830 shares of the company's stock were exchanged, compared to its average volume of 2,187,109. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The stock's 50 day moving average price is $87.71 and its 200-day moving average price is $83.92. The firm has a market cap of $48.32 billion, a P/E ratio of 25.42, a PEG ratio of 0.67 and a beta of 1.10. 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 issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (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%. Equities research analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. raised its stake in Agnico Eagle Mines by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after purchasing an additional 106 shares during the period. Duncker Streett & Co. Inc. raised its stake in Agnico Eagle Mines by 37.3% during the 4th 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 period. Laird Norton Wetherby Wealth Management LLC raised its stake in Agnico Eagle Mines by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after purchasing an additional 120 shares during the period. Pinnacle Wealth Management Group Inc. raised its stake in Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after purchasing an additional 125 shares during the period. Finally, Diversify Wealth Management LLC raised its stake in Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds 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.