Analysts Set Agnico Eagle Mines Limited (NYSE:AEM) Target Price at $234.91

Shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) have received an average recommendation of “Buy” from the seventeen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $234.9091.

AEM has been the topic of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $225.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Erste Group Bank upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, March 5th. Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. UBS Group reiterated a “neutral” rating and issued a $240.00 price objective on shares of Agnico Eagle Mines in a report on Friday, January 30th. Finally, Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a research report on Sunday, December 7th.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $218.20 on Tuesday. The company’s fifty day moving average price is $211.75 and its 200-day moving average price is $180.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The firm has a market capitalization of $109.32 billion, a price-to-earnings ratio of 24.57 and a beta of 0.61. Agnico Eagle Mines has a one year low of $94.77 and a one year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm’s revenue was up 60.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. On average, equities research analysts anticipate that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 2nd. Agnico Eagle Mines’s payout ratio is 20.27%.

Institutional Trading of Agnico Eagle Mines

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Agnico Eagle Mines by 11.5% during the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares in the last quarter. AQR Capital Management LLC increased its holdings in Agnico Eagle Mines by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock worth $2,150,000 after acquiring an additional 5,293 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Agnico Eagle Mines by 57.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock worth $379,000 after acquiring an additional 1,160 shares during the period. Bank of New York Mellon Corp raised its stake in Agnico Eagle Mines by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 512,862 shares of the mining company’s stock worth $60,995,000 after acquiring an additional 27,545 shares during the period. Finally, Savant Capital LLC lifted its holdings in Agnico Eagle Mines by 27.4% during the second quarter. Savant Capital LLC now owns 5,855 shares of the mining company’s stock valued at $696,000 after purchasing an additional 1,261 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

More Agnico Eagle Mines News

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: Agnico’s fundamentals and capital-return profile remain strong: the company has shown solid free cash flow, raised dividends and buybacks are possible if gold prices hold — a near-term tailwind for shareholder returns. Can Agnico Eagle Drive Even Higher Shareholder Returns Ahead?
• Positive Sentiment: Analysts and screens still list AEM as a long-term buy despite short-term metal pullbacks, reflecting expected secular demand for gold which supports miners’ cash flow and dividends. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own
• Positive Sentiment: Sector peer strength: Franco‑Nevada’s strong Q4 results and revenue surge highlight robust royalty/stream exposure to current gold prices — a positive read-across for the gold complex and investor interest in gold equities. Franco-Nevada Q4 Earnings Beat Estimates, Revenues Surge 86% Y/Y
• Neutral Sentiment: Market note: AEM recently closed lower relative to the market (reported ~-1.8% on the last session), a data point showing short-term underperformance versus peers. Agnico Eagle Mines (AEM) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Macro headwinds: a stronger U.S. dollar and rising real yields are pressuring gold and silver prices today, which typically drags down gold miners’ shares in the short term. Monitor dollar moves and real rates for further directional cues. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.