Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Agnico Eagle Mines from a hold rating to a strong sell rating in a report on Thursday, July 12th. ValuEngine raised shares of Agnico Eagle Mines from a hold rating to a buy rating in a report on Monday, July 2nd. JPMorgan Chase & Co. lowered their price target on shares of Agnico Eagle Mines from $65.00 to $50.00 and set an overweight rating for the company in a report on Monday, September 17th. Citigroup lowered their price target on shares of Agnico Eagle Mines from $45.00 to $38.00 and set a neutral rating for the company in a report on Wednesday, August 29th. Finally, National Bank Financial raised shares of Agnico Eagle Mines from a sector perform rating to an outperform rating in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $55.17.
Shares of Agnico Eagle Mines stock opened at $36.27 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.02 and a quick ratio of 2.83. The company has a market capitalization of $8.67 billion, a P/E ratio of 56.95 and a beta of -0.53. Agnico Eagle Mines has a fifty-two week low of $32.18 and a fifty-two week high of $49.80.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 25th. The mining company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $556.28 million during the quarter, compared to analyst estimates of $536.81 million. Agnico Eagle Mines had a net margin of 6.84% and a return on equity of 3.07%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. Equities analysts predict that Agnico Eagle Mines will post 0.16 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in Agnico Eagle Mines by 54.5% during the 2nd quarter. US Bancorp DE now owns 3,750 shares of the mining company’s stock worth $171,000 after acquiring an additional 1,323 shares during the period. Blair William & Co. IL grew its holdings in Agnico Eagle Mines by 12.1% during the 1st quarter. Blair William & Co. IL now owns 13,804 shares of the mining company’s stock worth $581,000 after acquiring an additional 1,487 shares during the period. BlackRock Inc. grew its holdings in Agnico Eagle Mines by 1.1% during the 1st quarter. BlackRock Inc. now owns 146,755 shares of the mining company’s stock worth $6,174,000 after acquiring an additional 1,629 shares during the period. Pendal Group Ltd grew its holdings in Agnico Eagle Mines by 97.1% during the 2nd quarter. Pendal Group Ltd now owns 3,939 shares of the mining company’s stock worth $181,000 after acquiring an additional 1,941 shares during the period. Finally, Rathbone Brothers plc grew its holdings in Agnico Eagle Mines by 3.2% during the 3rd quarter. Rathbone Brothers plc now owns 63,620 shares of the mining company’s stock worth $2,172,000 after acquiring an additional 2,000 shares during the period. 59.90% of the stock is owned by hedge funds and other institutional investors.
About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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