Agnico Eagle Mines (NYSE:AEM) Stock Rating Upgraded by BMO Capital Markets

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was upgraded by equities research analysts at BMO Capital Markets to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also commented on AEM. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. UBS Group boosted their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Raymond James lifted their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Finally, Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $124.40.

Agnico Eagle Mines Stock Up 1.8 %

Agnico Eagle Mines stock opened at $122.69 on Tuesday. The firm has a market capitalization of $61.75 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. The firm’s fifty day moving average price is $102.95 and its two-hundred day moving average price is $90.51. Agnico Eagle Mines has a 1-year low of $61.56 and a 1-year high of $125.94. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. On average, equities research analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AEM. Jones Financial Companies Lllp lifted its position in shares of Agnico Eagle Mines by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock worth $255,000 after acquiring an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 12.0% in the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after purchasing an additional 9,400 shares during the period. Forsta AP Fonden increased its position in shares of Agnico Eagle Mines by 8.9% during the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after buying an additional 16,000 shares during the period. Resonant Capital Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth about $208,000. Finally, US Bancorp DE boosted its position in shares of Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company’s stock valued at $529,000 after acquiring an additional 175 shares during the period. 68.34% of the stock is 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.