CIBC reiterated their buy rating on shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) in a research note released on Sunday.

A number of other research analysts also recently weighed in on AEM. Zacks Investment Research downgraded Agnico Eagle Mines from a hold rating to a sell rating in a report on Thursday, January 3rd. Desjardins reiterated an average rating and set a $60.00 price target on shares of Agnico Eagle Mines in a report on Monday, January 7th. ValuEngine downgraded Agnico Eagle Mines from a buy rating to a hold rating in a report on Tuesday, November 27th. Barclays began coverage on Agnico Eagle Mines in a report on Wednesday, October 10th. They set an overweight rating and a $39.00 price target on the stock. Finally, Scotiabank set a $56.00 price target on Agnico Eagle Mines and gave the company a buy rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Agnico Eagle Mines presently has an average rating of Buy and a consensus target price of $52.20.

Shares of AEM stock traded down $0.47 on Friday, reaching $38.99. 1,460,846 shares of the company’s stock traded hands, compared to its average volume of 1,311,188. Agnico Eagle Mines has a 12-month low of $32.18 and a 12-month high of $49.80. The company has a current ratio of 2.94, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 35.13 and a beta of -0.69.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, October 24th. The mining company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. Agnico Eagle Mines had a return on equity of 1.75% and a net margin of 4.60%. The business had revenue of $518.68 million for the quarter, compared to the consensus estimate of $497.68 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Agnico Eagle Mines’s revenue for the quarter was down 10.6% compared to the same quarter last year. On average, sell-side analysts predict that Agnico Eagle Mines will post 0.2 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its position in Agnico Eagle Mines by 3.1% during the third quarter. Vanguard Group Inc now owns 6,401,303 shares of the mining company’s stock valued at $218,925,000 after purchasing an additional 191,025 shares during the last quarter. Vanguard Group Inc. boosted its position in Agnico Eagle Mines by 3.1% during the third quarter. Vanguard Group Inc. now owns 6,401,303 shares of the mining company’s stock valued at $218,925,000 after purchasing an additional 191,025 shares during the last quarter. Capital World Investors acquired a new stake in Agnico Eagle Mines during the third quarter valued at $171,117,000. JPMorgan Chase & Co. boosted its position in Agnico Eagle Mines by 278.6% during the third quarter. JPMorgan Chase & Co. now owns 3,668,472 shares of the mining company’s stock valued at $125,461,000 after purchasing an additional 2,699,518 shares during the last quarter. Finally, Findlay Park Partners LLP acquired a new stake in Agnico Eagle Mines during the third quarter valued at $87,056,000. 60.32% of the stock is owned by hedge funds and other institutional investors.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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