Agnico Eagle Mines (NYSE:AEM) Upgraded at Zacks Research

Zacks Research upgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on AEM. Raymond James Financial boosted their price target on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 30th. TD Securities upped their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Citigroup increased their price target 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, UBS Group raised their price target on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, December 1st. Six research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and a consensus target price of $185.50.

Agnico Eagle Mines Trading Down 1.5%

Agnico Eagle Mines stock opened at $168.82 on Thursday. The business has a 50 day moving average price of $166.98 and a two-hundred day moving average price of $143.74. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a 12 month low of $76.91 and a 12 month high of $187.50. The stock has a market cap of $84.69 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.62 and a beta of 0.64.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.During the same period in the previous year, the business posted $1.14 earnings per share. As a group, equities analysts forecast that Agnico Eagle Mines will post 4.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in Agnico Eagle Mines in the second quarter valued at $25,000. True Wealth Design LLC boosted its position in shares of Agnico Eagle Mines by 381.3% during the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after acquiring an additional 122 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $29,000. City State Bank increased its holdings in shares of Agnico Eagle Mines by 69.2% in the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after acquiring an additional 110 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

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.