Agnico Eagle Mines (NYSE:AEM) Lowered to “Buy” Rating by StockNews.com

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also recently weighed in on AEM. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Securities dropped their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank boosted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.78.

Agnico Eagle Mines Trading Down 0.5 %

Shares of AEM traded down $0.45 during mid-day trading on Tuesday, reaching $97.04. The company’s stock had a trading volume of 3,410,859 shares, compared to its average volume of 2,216,327. Agnico Eagle Mines has a 52 week low of $47.73 and a 52 week high of $101.45. The stock has a market cap of $48.80 billion, a PE ratio of 25.67, a P/E/G ratio of 0.66 and a beta of 1.10. The company’s fifty day moving average price is $88.31 and its two-hundred day moving average price is $84.39. 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 issued its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS 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%. On average, analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently modified their holdings of AEM. Charles Schwab Investment Management Inc. boosted its stake in Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after acquiring an additional 32,991 shares in the last quarter. Bridgewater Associates LP lifted its holdings in shares of Agnico Eagle Mines by 123.2% during the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after purchasing an additional 112,712 shares during the last quarter. Caldwell Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 12.0% in the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after purchasing an additional 9,400 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Agnico Eagle Mines by 8.9% in the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock worth $15,256,000 after buying an additional 16,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Agnico Eagle Mines by 14.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after buying an additional 29,106 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Company Profile

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.