Agnico Eagle Mines Limited (NYSE:AEM) Given Average Rating of “Buy” by Brokerages

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has earned a consensus recommendation of “Buy” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, ten have given a buy rating and five have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $184.50.

A number of analysts have commented on AEM shares. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Raymond James Financial boosted their price objective on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Bank of America increased their price objective on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Citigroup lifted their target price on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Sunday.

Agnico Eagle Mines Trading Up 0.5%

Shares of Agnico Eagle Mines stock opened at $173.89 on Friday. The company has a 50-day moving average of $166.06 and a two-hundred day moving average of $141.54. Agnico Eagle Mines has a 12-month low of $76.91 and a 12-month high of $187.50. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The stock has a market cap of $87.23 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the company earned $1.14 EPS. On average, research analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of institutional investors have recently made changes to their positions in AEM. Ameritas Advisory Services LLC acquired a new stake in shares of Agnico Eagle Mines during the second quarter valued at $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in Agnico Eagle Mines in the 1st quarter valued at about $26,000. True Wealth Design LLC lifted its holdings in Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth about $29,000. Finally, City State Bank grew its holdings in shares of Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after buying an additional 110 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

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.