Shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) have received a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $51.34.

AEM has been the topic of several research reports. BMO Capital Markets set a $46.00 price objective on shares of Agnico Eagle Mines and gave the company a “buy” rating in a research note on Monday, December 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price objective on shares of Agnico Eagle Mines in a report on Friday, December 14th. CIBC reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a report on Sunday, January 20th. ValuEngine downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Barclays downgraded shares of Agnico Eagle Mines from an “overweight” rating to an “equal weight” rating and set a $43.60 price objective for the company. in a report on Tuesday.

A number of institutional investors have recently modified their holdings of the business. Capital World Investors acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $171,117,000. JPMorgan Chase & Co. boosted its stake in Agnico Eagle Mines by 278.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,668,472 shares of the mining company’s stock worth $125,461,000 after acquiring an additional 2,699,518 shares during the last quarter. Norges Bank bought a new position in Agnico Eagle Mines during the 4th quarter worth approximately $80,673,000. Amundi Pioneer Asset Management Inc. boosted its stake in Agnico Eagle Mines by 62.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,567,883 shares of the mining company’s stock worth $103,741,000 after acquiring an additional 983,988 shares during the last quarter. Finally, Polar Capital LLP bought a new position in Agnico Eagle Mines during the 4th quarter worth approximately $32,576,000. 60.93% of the stock is owned by hedge funds and other institutional investors.

Shares of AEM stock traded down $0.58 during trading hours on Thursday, reaching $42.49. 307,533 shares of the stock traded hands, compared to its average volume of 1,252,611. Agnico Eagle Mines has a 1-year low of $32.18 and a 1-year high of $47.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.97 and a quick ratio of 1.60. The firm has a market capitalization of $10.06 billion, a P/E ratio of 140.93, a P/E/G ratio of 97.71 and a beta of -0.49.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, February 14th. The mining company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.11. The firm had revenue of $537.82 million for the quarter, compared to analyst estimates of $509.39 million. Agnico Eagle Mines had a negative net margin of 14.91% and a positive return on equity of 1.48%. During the same quarter in the prior year, the business earned $0.21 EPS. Sell-side analysts predict that Agnico Eagle Mines will post 0.45 EPS for the current fiscal year.

Agnico Eagle Mines Company Profile

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.

Recommended Story: How to calculate compound interest

Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.