Agnico Eagle Mines (NYSE:AEM) Upgraded at TD Securities

TD Securities upgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $181.00 target price on the stock. Royal Bank Of Canada raised their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Finally, Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $136.90.

Agnico Eagle Mines Price Performance

AEM stock opened at $117.72 on Thursday. The stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.86 and a beta of 0.50. The firm’s 50-day moving average price is $117.99 and its two-hundred day moving average price is $107.15. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines has a 12-month low of $69.72 and a 12-month high of $126.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted $0.76 EPS. Agnico Eagle Mines’s revenue was up 34.9% on a year-over-year basis. As a group, equities analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines’s dividend payout ratio is presently 34.04%.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Agnico Eagle Mines by 1.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock worth $618,000 after acquiring an additional 85 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock worth $40,000 after purchasing an additional 87 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Agnico Eagle Mines by 2.0% during the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company’s stock valued at $428,000 after purchasing an additional 106 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Agnico Eagle Mines by 1.8% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company’s stock valued at $543,000 after buying an additional 120 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised 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 worth $84,000 after buying an additional 125 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

About Agnico Eagle Mines

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.