Agnico Eagle Mines (NYSE:AEM) Coverage Initiated at BMO Capital Markets

Stock analysts at BMO Capital Markets started coverage on shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) in a report released on Wednesday. The brokerage set an “outperform” rating and a $181.00 price target on the mining company’s stock. BMO Capital Markets’ price target suggests a potential upside of 48.88% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Bank of America increased their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Raymond James raised their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Finally, National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $124.40.

Agnico Eagle Mines Trading Down 0.8 %

Shares of AEM stock opened at $121.58 on Wednesday. The firm’s 50 day moving average is $103.37 and its 200 day moving average is $90.80. The stock has a market capitalization of $61.19 billion, a P/E ratio of 32.16, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 12-month low of $61.56 and a 12-month high of $125.94.

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

Institutional Trading of Agnico Eagle Mines

Large investors have recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth $26,000. Smartleaf Asset Management LLC grew its holdings in Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $29,000. Fifth Third Bancorp lifted its position in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors 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.