Agnico Eagle Mines (NYSE:AEM) Given New $225.00 Price Target at Raymond James Financial

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price objective dropped by stock analysts at Raymond James Financial from $230.00 to $225.00 in a report released on Friday, BayStreet reports. The firm currently has an “outperform” rating on the mining company’s stock. Raymond James Financial’s target price indicates a potential upside of 9.91% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their price objective for the stock from $187.00 to $200.00 in a research note on Monday, July 6th. Citigroup lowered their price objective on Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Zacks Research lowered shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Barclays decreased their price objective on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $226.00.

Agnico Eagle Mines Stock Performance

AEM stock traded down $2.41 on Friday, reaching $204.72. The company’s stock had a trading volume of 1,137,218 shares, compared to its average volume of 2,806,905. Agnico Eagle Mines has a 52 week low of $134.38 and a 52 week high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The company has a market capitalization of $103.77 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.45 and a beta of 0.67. The firm has a fifty day moving average of $168.77 and a two-hundred day moving average of $186.93.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The firm’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. As a group, analysts predict that Agnico Eagle Mines will post 11.56 EPS for the current fiscal year.

Institutional Trading of Agnico Eagle Mines

Large investors have recently bought and sold shares of the business. Acumen Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Markowski Investments bought a new stake in shares of Agnico Eagle Mines during the second quarter worth $29,000. Dunhill Financial LLC acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth $31,000. Fiduciary Financial Advisors bought a new stake in Agnico Eagle Mines in the 2nd quarter valued at $32,000. Finally, Jessup Wealth Management Inc bought a new stake in Agnico Eagle Mines in the 4th quarter valued at $35,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.