Agnico Eagle Mines (NYSE:AEM) PT Raised to $57.00 at Jefferies Financial Group

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target boosted by Jefferies Financial Group from $54.00 to $57.00 in a research report report published on Monday, BayStreet.CA reports. They currently have a hold rating on the mining company’s stock.

A number of other equities research analysts also recently issued reports on the stock. CIBC reduced their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an outperform rating for the company in a research report on Wednesday, February 7th. Raymond James upped their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an outperform rating in a research report on Friday, January 12th. National Bank Financial reaffirmed an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Finally, TD Securities reduced their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a buy rating for the company in a research report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $64.14.

Agnico Eagle Mines Trading Up 1.9 %

NYSE:AEM opened at $64.92 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. The firm has a 50-day moving average of $56.54 and a 200-day moving average of $52.46. The company has a market cap of $32.37 billion, a PE ratio of 15.80, a PEG ratio of 0.94 and a beta of 1.06. Agnico Eagle Mines has a one year low of $43.22 and a one year high of $65.49.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities research analysts expect that Agnico Eagle Mines will post 2.52 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in shares of Agnico Eagle Mines by 64.6% during the 3rd quarter. CWM LLC now owns 4,181 shares of the mining company’s stock valued at $190,000 after buying an additional 1,641 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $231,000. Ronald Blue Trust Inc. lifted its stake in shares of Agnico Eagle Mines by 163.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,578 shares of the mining company’s stock valued at $79,000 after buying an additional 979 shares in the last quarter. Royal Fund Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $1,098,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $204,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

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.