Agnico Eagle Mines (NYSE:AEM) PT Raised to $80.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price increased by analysts at Citigroup from $65.00 to $80.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. Citigroup’s price objective would indicate a potential upside of 24.53% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Raymond James lifted their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. TD Securities lowered their target price on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. CIBC lowered their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $64.24 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. The firm has a market cap of $32.03 billion, a P/E ratio of 67.62, a P/E/G ratio of 0.88 and a beta of 1.06. The firm has a 50 day simple moving average of $57.55 and a 200 day simple moving average of $52.90. Agnico Eagle Mines has a fifty-two week low of $43.22 and a fifty-two week high of $67.80.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. Agnico Eagle Mines’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. Sell-side analysts predict that Agnico Eagle Mines will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agnico Eagle Mines

Institutional investors and hedge funds have recently made changes to their positions in the company. Stephens Consulting LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $33,000. CVA Family Office LLC bought a new stake in Agnico Eagle Mines in the 4th quarter valued at $36,000. Janiczek Wealth Management LLC lifted its position in Agnico Eagle Mines by 406.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after acquiring an additional 569 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Agnico Eagle Mines in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

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.