Agnico Eagle Mines (NYSE:AEM) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) in a research report released on Monday morning, The Fly reports. The brokerage issued a buy rating on the mining company’s stock.

A number of other brokerages also recently commented on AEM. Barclays dropped their price objective on shares of Agnico Eagle Mines from $70.00 to $62.00 and set an overweight rating on the stock in a research report on Tuesday, July 19th. National Bank Financial lowered their target price on shares of Agnico Eagle Mines from C$98.00 to C$75.00 in a report on Thursday, July 21st. TheStreet cut shares of Agnico Eagle Mines from a b- rating to a c rating in a report on Tuesday, July 12th. Finally, Stifel Nicolaus lowered their target price on shares of Agnico Eagle Mines from C$100.00 to C$89.00 in a report on Wednesday, July 20th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of Moderate Buy and an average target price of $74.38.

Agnico Eagle Mines Trading Up 1.6 %

Shares of NYSE:AEM opened at $44.83 on Monday. Agnico Eagle Mines has a 52 week low of $38.02 and a 52 week high of $67.14. The company’s 50 day moving average is $43.31 and its two-hundred day moving average is $51.86. The company has a current ratio of 2.58, a quick ratio of 1.48 and a debt-to-equity ratio of 0.08. The company has a market cap of $20.45 billion, a PE ratio of 25.47, a P/E/G ratio of 19.58 and a beta of 0.82.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Wednesday, August 31st. Agnico Eagle Mines’s dividend payout ratio is currently 90.91%.

Institutional Trading of Agnico Eagle Mines

Large investors have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC boosted its stake in Agnico Eagle Mines by 90.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 476 shares of the mining company’s stock worth $29,000 after purchasing an additional 226 shares during the period. UMB Bank N A MO lifted its stake in shares of Agnico Eagle Mines by 764.4% in the 1st quarter. UMB Bank N A MO now owns 510 shares of the mining company’s stock worth $31,000 after acquiring an additional 451 shares during the period. Private Ocean LLC acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter worth $34,000. Chilton Capital Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth $38,000. Finally, Investors Research Corp acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth $40,000. Institutional investors and hedge funds own 57.62% of the company’s stock.

Agnico Eagle Mines Company Profile

(Get Rating)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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