Agnico Eagle Mines (NYSE:AEM) Stock Price Expected to Rise, UBS Group Analyst Says

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price objective lifted by research analysts at UBS Group from $110.00 to $115.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the mining company’s stock. UBS Group’s target price points to a potential downside of 2.32% from the company’s previous close.

Several other brokerages have also recently commented on AEM. StockNews.com cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Raymond James raised their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Finally, Citigroup upped their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of $111.90.

Agnico Eagle Mines Trading Up 5.5 %

AEM stock opened at $117.73 on Friday. Agnico Eagle Mines has a one year low of $60.15 and a one year high of $118.74. The stock has a market cap of $59.25 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. The company has a fifty day moving average price of $101.63 and a two-hundred day moving average price of $89.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Equities analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.

Hedge Funds Weigh In On Agnico Eagle Mines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. boosted its holdings in shares of Agnico Eagle Mines by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company’s stock worth $428,000 after buying an additional 106 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in Agnico Eagle Mines by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company’s stock worth $543,000 after purchasing an additional 120 shares during the period. Pinnacle Wealth Management Group Inc. grew its holdings in Agnico Eagle Mines by 0.5% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after purchasing an additional 125 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Agnico Eagle Mines by 19.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company’s stock valued at $84,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

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.