RBC Capital Markets reissued their sector perform rating on shares of Agnico Eagle Mines Ltd. (NYSE:AEM) in a research note released on Monday morning.

Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

AEM has been the topic of several other research reports. Royal Bank Of Canada downgraded Agnico Eagle Mines from an outperform rating to a sector perform rating and set a $67.00 target price on the stock. in a research report on Monday, August 8th. Zacks Investment Research cut Agnico Eagle Mines from a buy rating to a hold rating in a report on Wednesday, September 7th. Desjardins upgraded Agnico Eagle Mines from a hold rating to a buy rating in a report on Wednesday, July 13th. BMO Capital Markets restated a hold rating and set a $55.00 price objective on shares of Agnico Eagle Mines in a report on Thursday, July 28th. Finally, HSBC restated a buy rating on shares of Agnico Eagle Mines in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Agnico Eagle Mines presently has an average rating of Hold and a consensus target price of $51.93.

Shares of Agnico Eagle Mines (NYSE:AEM) opened at 56.03 on Monday. The company has a market capitalization of $12.52 billion, a PE ratio of 386.41 and a beta of -0.57. The stock’s 50 day moving average price is $54.91 and its 200 day moving average price is $48.24. Agnico Eagle Mines has a 12 month low of $23.82 and a 12 month high of $60.10.

Agnico Eagle Mines (NYSE:AEM) last released its earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm had revenue of $537.60 million for the quarter, compared to the consensus estimate of $507.37 million. Agnico Eagle Mines had a return on equity of 1.88% and a net margin of 1.61%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. On average, analysts forecast that Agnico Eagle Mines will post $0.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.08. Agnico Eagle Mines’s dividend payout ratio is currently 213.35%.

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Agnico Eagle Mines by 6.5% in the second quarter. Royal Bank of Canada now owns 6,567,031 shares of the mining company’s stock worth $351,335,000 after buying an additional 400,780 shares in the last quarter. IFP Advisors Inc increased its position in shares of Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock worth $116,000 after buying an additional 157 shares in the last quarter. Legal & General Group Plc increased its position in shares of Agnico Eagle Mines by 5.3% in the second quarter. Legal & General Group Plc now owns 1,158,441 shares of the mining company’s stock worth $61,673,000 after buying an additional 58,389 shares in the last quarter. Aristotle Capital Management LLC increased its position in shares of Agnico Eagle Mines by 14.2% in the second quarter. Aristotle Capital Management LLC now owns 61,761 shares of the mining company’s stock worth $3,304,000 after buying an additional 7,701 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Agnico Eagle Mines by 618.4% in the second quarter. Point72 Asset Management L.P. now owns 62,500 shares of the mining company’s stock worth $3,344,000 after buying an additional 53,800 shares in the last quarter. Institutional investors own 62.03% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

5 Day Chart for NYSE:AEM

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