Agnico Eagle Mines Limited (NYSE:AEM) Given Consensus Recommendation of “Buy” by Analysts

Shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) have received a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $95.78.

Several research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price 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. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Scotiabank increased their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. Smartleaf Asset Management LLC raised its position in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after acquiring an additional 318 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $29,000. Fifth Third Bancorp lifted its holdings in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position 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. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $104.18 on Tuesday. The stock 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 one year low of $55.98 and a one year high of $107.88. The stock has a market cap of $52.40 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued 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 net margin of 22.88% and a return on equity of 10.45%. Equities analysts expect that Agnico Eagle Mines will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. Agnico Eagle Mines’s payout ratio is currently 42.33%.

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.