Shares of Agnico Eagle Mines Limited (NYSE:AEM – Get Free Report) (TSE:AEM) have received an average rating of “Buy” from the six research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $70.33.
AEM has been the subject of a number of research analyst reports. CSFB upped their target price on Agnico Eagle Mines from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. BMO Capital Markets upped their target price on Agnico Eagle Mines from $64.00 to $67.00 in a research report on Thursday, July 27th. StockNews.com began coverage on Agnico Eagle Mines in a research report on Thursday, October 5th. They issued a “hold” rating for the company. TD Securities upped their price target on Agnico Eagle Mines from $69.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Barclays upped their price target on Agnico Eagle Mines from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, July 27th.
Agnico Eagle Mines Stock Down 0.8 %
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last issued its earnings results on Thursday, October 26th. The mining company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Agnico Eagle Mines had a return on equity of 5.26% and a net margin of 40.40%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Agnico Eagle Mines will post 2.13 earnings per share for the current fiscal year.
Agnico Eagle Mines Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, November 30th. Agnico Eagle Mines’s dividend payout ratio is presently 30.02%.
Institutional Investors Weigh In On Agnico Eagle Mines
Several institutional investors have recently added to or reduced their stakes in AEM. Islay Capital Management LLC lifted its holdings in shares of Agnico Eagle Mines by 413.0% during the 2nd quarter. Islay Capital Management LLC now owns 513 shares of the mining company’s stock worth $26,000 after acquiring an additional 413 shares during the period. Coppell Advisory Solutions Corp. bought a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $26,000. Ameritas Advisory Services LLC bought a new position in Agnico Eagle Mines in the 1st quarter valued at approximately $30,000. WealthPlan Investment Management LLC bought a new position in Agnico Eagle Mines in the 2nd quarter valued at approximately $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Agnico Eagle Mines in the 3rd quarter valued at approximately $34,000. 59.37% 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. 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.
- Five stocks we like better than Agnico Eagle Mines
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Catch the dip on Sociedad Quimica before earnings?
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Can new GPT store spur generative AI monetization?
- What Makes a Stock a Good Dividend Stock?
- Energy looks to dominate markets with 3 oil and gas stocks
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.