Agnico Eagle Mines Limited (AEM) Given a $53.00 Price Target at TD Securities
TD Securities set a $53.00 target price on Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in a research note released on Thursday morning. The brokerage currently has a hold rating on the mining company’s stock.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group restated a buy rating and set a $59.00 price target (down previously from $64.00) on shares of Agnico Eagle Mines Limited in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Agnico Eagle Mines Limited from a hold rating to a buy rating and set a $51.00 price target for the company in a research note on Thursday, July 27th. Royal Bank Of Canada restated a hold rating and set a $54.00 price target on shares of Agnico Eagle Mines Limited in a research note on Tuesday, July 18th. ValuEngine upgraded shares of Agnico Eagle Mines Limited from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, BMO Capital Markets set a $47.00 price target on shares of Agnico Eagle Mines Limited and gave the stock a hold rating in a research note on Tuesday, August 22nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $54.56.
Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded down 0.67% during trading on Thursday, reaching $44.36. The company’s stock had a trading volume of 1,339,157 shares. The firm has a market cap of $9.98 billion, a PE ratio of 63.37 and a beta of -0.76. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $53.17. The stock’s 50 day moving average price is $47.26 and its 200-day moving average price is $46.75.
Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The firm had revenue of $549.88 million for the quarter, compared to analysts’ expectations of $529.43 million. During the same quarter last year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Agnico Eagle Mines Limited will post $0.83 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in Agnico Eagle Mines Limited by 75.7% in the 2nd quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock valued at $102,000 after buying an additional 974 shares in the last quarter. WFG Advisors LP grew its stake in Agnico Eagle Mines Limited by 8.6% in the 2nd quarter. WFG Advisors LP now owns 3,889 shares of the mining company’s stock valued at $175,000 after buying an additional 309 shares in the last quarter. Oppenheimer & Close LLC purchased a new position in Agnico Eagle Mines Limited in the 2nd quarter valued at approximately $209,000. Fruth Investment Management purchased a new position in Agnico Eagle Mines Limited in the 2nd quarter valued at approximately $212,000. Finally, Wetherby Asset Management Inc. grew its stake in Agnico Eagle Mines Limited by 3.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,110 shares of the mining company’s stock valued at $230,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.
About Agnico Eagle Mines Limited
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.
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