Agnico Eagle Mines (NYSE:AEM) Upgraded at Stifel Canada

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

AEM has been the subject of a number of other research reports. Scotiabank upped their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. TD Securities dropped their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group raised their target price 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. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $95.78.

Agnico Eagle Mines Trading Down 0.3 %

Agnico Eagle Mines stock opened at $105.52 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 52 week low of $54.02 and a 52 week high of $107.88. The stock has a 50-day moving average price of $94.93 and a 200 day moving average price of $86.53. The company has a market capitalization of $53.07 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00.

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 analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Sell-side analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.

Institutional Trading of Agnico Eagle Mines

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