Agnico Eagle Mines (NYSE:AEM) Stock Price Expected to Rise, UBS Group Analyst Says

Agnico Eagle Mines (NYSE:AEM - Free Report) TSE: AEM had its target price boosted by UBS Group from $110.00 to $115.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the mining company's stock.

AEM has been the topic of several other reports. Bank of America lifted their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. Citigroup raised their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Scotiabank boosted their price target 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, National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $124.40.

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Agnico Eagle Mines Trading Up 1.2 %

Shares of Agnico Eagle Mines stock traded up $1.41 during trading hours on Friday, hitting $121.98. The company's stock had a trading volume of 3,530,456 shares, compared to its average volume of 2,426,680. 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 company has a market capitalization of $61.39 billion, a PE ratio of 32.27, a P/E/G ratio of 0.66 and a beta of 0.87. The business has a fifty day moving average of $102.46 and a 200 day moving average of $90.29. Agnico Eagle Mines has a 1-year low of $60.41 and a 1-year high of $125.88.

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 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, equities analysts forecast that Agnico Eagle Mines will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors 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 annualized dividend and a yield of 1.31%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

Hedge Funds Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEM. Van ECK Associates Corp raised its stake in shares of Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after purchasing an additional 778,919 shares in the last quarter. Vanguard Group Inc. boosted its stake in Agnico Eagle Mines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock valued at $1,554,180,000 after acquiring an additional 331,087 shares during the last quarter. Capital World Investors raised its position in shares of Agnico Eagle Mines by 41.9% during the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after acquiring an additional 4,121,164 shares during the last quarter. Deutsche Bank AG raised its position in shares of Agnico Eagle Mines by 0.7% during the 4th quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock valued at $932,008,000 after acquiring an additional 87,410 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Agnico Eagle Mines in the 4th quarter worth $573,446,000. 68.34% of the stock is currently owned by institutional investors.

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.