Agnico Eagle Mines (NYSE:AEM) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2028 earnings at $2.62 EPS.

Several other research firms have also issued reports on AEM. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. TD Securities dropped their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Scotiabank upped their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Raymond James set a $105.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Trading Down 0.3 %

Shares of AEM opened at $105.52 on Wednesday. Agnico Eagle Mines has a twelve month low of $54.02 and a twelve month high of $107.88. The stock has a market cap of $53.07 billion, a PE ratio of 27.91, a P/E/G ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $94.93 and its 200-day moving average price is $86.53.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. On average, equities analysts forecast that Agnico Eagle Mines will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AEM. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp grew its holdings in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after buying an additional 112 shares during the period. 68.34% of the stock is owned by institutional investors.

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.