Analysts Set Agnico Eagle Mines Limited (NYSE:AEM) PT at $95.78

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been assigned a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $104.11.

A number of brokerages have issued reports on AEM. Jefferies Financial Group increased 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 report on Tuesday, January 7th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Finally, 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.

Institutional Investors Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in shares of Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after buying an additional 778,919 shares during the last quarter. Vanguard Group Inc. increased its holdings in Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock worth $1,554,180,000 after purchasing an additional 331,087 shares in the last quarter. FMR LLC raised its position in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Capital World Investors boosted its stake in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Agnico Eagle Mines by 0.7% during the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock worth $932,008,000 after purchasing an additional 87,410 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $108.43 on Tuesday. The business’s 50 day moving average is $98.43 and its 200-day moving average is $88.10. The firm has a market cap of $54.54 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines has a 1-year low of $60.15 and a 1-year high of $110.36. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

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 for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Equities research analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 42.33%.

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.