Agnico Eagle Mines (NYSE:AEM) Stock Rating Lowered by Wall Street Zen

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Several other research firms have also recently issued reports on AEM. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. CIBC lifted their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Bank of America upped their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research note on Friday, October 24th. Finally, TD Securities boosted their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $184.50.

Agnico Eagle Mines Stock Up 1.2%

Shares of AEM stock opened at $161.28 on Friday. The company has a market capitalization of $81.04 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines has a one year low of $75.17 and a one year high of $187.50. The company’s fifty day moving average price is $161.41 and its 200-day moving average price is $136.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. During the same quarter in the prior year, the firm posted $1.14 EPS. Sell-side analysts expect that Agnico Eagle Mines will post 4.63 EPS for the current fiscal year.

Institutional Trading of Agnico Eagle Mines

A number of large investors have recently made changes to their positions in AEM. True Wealth Design LLC increased its stake in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after purchasing an additional 122 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. MCF Advisors LLC bought a new position in shares of Agnico Eagle Mines in the third quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter worth about $25,000. Finally, Addison Advisors LLC lifted its holdings in Agnico Eagle Mines by 94.1% during the 3rd quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock valued at $39,000 after buying an additional 111 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

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.