Agnico Eagle Mines (NYSE:AEM) Given New C$99.00 Price Target at National Bank Financial

Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) had its target price lifted by National Bank Financial from C$94.00 to C$99.00 in a report released on Wednesday morning, The Fly reports.

AEM has been the subject of several other research reports. Raymond James lifted their price objective on Agnico Eagle Mines from C$65.00 to C$76.00 in a research report on Wednesday. TD Securities lowered their target price on Agnico Eagle Mines from $65.00 to $62.00 and set a buy rating for the company in a research note on Tuesday, March 1st. Canaccord Genuity Group lowered their target price on Agnico Eagle Mines from C$90.00 to C$84.00 and set a buy rating for the company in a research note on Tuesday, March 1st. Stifel Nicolaus lowered their target price on Agnico Eagle Mines from C$115.75 to C$100.00 in a research note on Monday, February 28th. Finally, Barclays raised Agnico Eagle Mines from an equal weight rating to an overweight rating and lifted their target price for the company from $67.00 to $69.00 in a research note on Thursday, February 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $84.59.

Shares of AEM opened at $64.89 on Wednesday. The stock has a fifty day moving average price of $59.41 and a two-hundred day moving average price of $54.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.56 and a current ratio of 1.71. Agnico Eagle Mines has a 52-week low of $45.42 and a 52-week high of $74.50. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 31.23 and a beta of 0.86.

Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) last issued its quarterly earnings data on Wednesday, February 23rd. The mining company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.09). Agnico Eagle Mines had a net margin of 14.16% and a return on equity of 10.03%. The business had revenue of $949.10 million during the quarter, compared to the consensus estimate of $932.93 million. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, research analysts predict that Agnico Eagle Mines will post 2.11 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, March 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.47%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 4th. Agnico Eagle Mines’s payout ratio is presently 72.40%.

A number of large investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of Agnico Eagle Mines by 0.5% during the fourth quarter. Van ECK Associates Corp now owns 13,081,811 shares of the mining company’s stock worth $695,169,000 after buying an additional 68,009 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Agnico Eagle Mines by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,365,013 shares of the mining company’s stock worth $603,936,000 after buying an additional 106,018 shares during the period. Mackenzie Financial Corp boosted its position in shares of Agnico Eagle Mines by 6.8% during the fourth quarter. Mackenzie Financial Corp now owns 5,626,175 shares of the mining company’s stock worth $298,856,000 after buying an additional 355,932 shares during the period. GQG Partners LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $237,937,000. Finally, Findlay Park Partners LLP boosted its position in shares of Agnico Eagle Mines by 31.7% during the third quarter. Findlay Park Partners LLP now owns 2,996,668 shares of the mining company’s stock worth $155,377,000 after buying an additional 720,497 shares during the period. 64.62% of the stock is owned by hedge funds and other institutional investors.

About Agnico Eagle Mines (Get Rating)

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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