Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM)’s share price gapped down before the market opened on Monday . The stock had previously closed at $71.28, but opened at $69.51. Agnico Eagle Mines shares last traded at $70.66, with a volume of 16,821 shares.
Several analysts recently commented on AEM shares. National Bank Financial reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Friday, April 23rd. Zacks Investment Research upgraded Agnico Eagle Mines from a “sell” rating to a “hold” rating and set a $74.00 price target on the stock in a research report on Monday, June 7th. Raymond James increased their price target on Agnico Eagle Mines from $76.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 9th. Canaccord Genuity reiterated a “buy” rating and set a $115.00 price target on shares of Agnico Eagle Mines in a research report on Thursday, March 18th. Finally, TD Securities reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Thursday, February 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of $86.50.
The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 27.08 and a beta of 0.76. The company’s 50-day moving average is $68.08. The company has a current ratio of 2.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 29th. The mining company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.11. The business had revenue of $934.39 million for the quarter, compared to the consensus estimate of $888.95 million. Agnico Eagle Mines had a return on equity of 10.11% and a net margin of 19.68%. Research analysts anticipate that Agnico Eagle Mines Limited will post 2.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st were given a dividend of $0.35 per share. The ex-dividend date was Friday, May 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.01%. Agnico Eagle Mines’s payout ratio is 29.57%.
Institutional investors have recently made changes to their positions in the stock. Atlas Private Wealth Advisors lifted its position in Agnico Eagle Mines by 151.0% during the first quarter. Atlas Private Wealth Advisors now owns 502 shares of the mining company’s stock worth $29,000 after buying an additional 302 shares in the last quarter. Eaton Vance Management purchased a new position in Agnico Eagle Mines during the first quarter worth approximately $46,000. Huntington National Bank lifted its position in Agnico Eagle Mines by 1,620.0% during the first quarter. Huntington National Bank now owns 860 shares of the mining company’s stock worth $50,000 after buying an additional 810 shares in the last quarter. MD Financial Management Inc. purchased a new position in Agnico Eagle Mines during the first quarter worth approximately $55,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Agnico Eagle Mines by 47.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,095 shares of the mining company’s stock worth $77,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.
About Agnico Eagle Mines (NYSE:AEM)
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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