Barclays lowered shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) from an overweight rating to an equal weight rating in a report released on Tuesday morning, Benzinga reports. They currently have $43.60 price objective on the mining company’s stock.

A number of other equities research analysts also recently commented on AEM. Royal Bank of Canada reaffirmed a buy rating and issued a $55.00 price objective on shares of Agnico Eagle Mines in a research report on Friday, December 14th. CIBC reaffirmed a buy rating on shares of Agnico Eagle Mines in a research report on Sunday, December 16th. BMO Capital Markets set a $46.00 price target on Agnico Eagle Mines and gave the company a buy rating in a research report on Monday, December 17th. ValuEngine raised Agnico Eagle Mines from a buy rating to a strong-buy rating in a research report on Friday, December 21st. Finally, Zacks Investment Research downgraded Agnico Eagle Mines from a hold rating to a sell rating in a research report on Thursday, January 3rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $50.61.

Shares of NYSE:AEM opened at $43.69 on Tuesday. The firm has a market capitalization of $10.21 billion, a PE ratio of 140.16, a price-to-earnings-growth ratio of 96.56 and a beta of -0.50. The company has a quick ratio of 1.60, a current ratio of 2.97 and a debt-to-equity ratio of 0.38. Agnico Eagle Mines has a 52 week low of $32.18 and a 52 week high of $47.83.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, February 14th. The mining company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.11. The business had revenue of $537.82 million during the quarter, compared to the consensus estimate of $509.39 million. Agnico Eagle Mines had a positive return on equity of 1.48% and a negative net margin of 14.91%. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, research analysts anticipate that Agnico Eagle Mines will post 0.45 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of AEM. Capital World Investors purchased a new stake in Agnico Eagle Mines during the third quarter valued at about $171,117,000. JPMorgan Chase & Co. grew 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 acquiring an additional 2,699,518 shares during the period. Norges Bank purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at about $80,673,000. Amundi Pioneer Asset Management Inc. grew its position in Agnico Eagle Mines by 62.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,567,883 shares of the mining company’s stock valued at $103,741,000 after acquiring an additional 983,988 shares during the period. Finally, Polar Capital LLP purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at about $32,576,000. 60.93% 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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