National Bank Financial reaffirmed their outperform rating on shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) in a research note published on Monday morning, The Fly reports.
Several other equities analysts have also recently weighed in on AEM. BMO Capital Markets lifted their price objective on Agnico Eagle Mines from $100.00 to $105.00 and gave the company an outperform rating in a report on Thursday, October 29th. Barclays cut Agnico Eagle Mines from an overweight rating to an equal weight rating and boosted their target price for the company from $71.00 to $79.00 in a research note on Monday, October 19th. Raymond James set a $95.00 target price on Agnico Eagle Mines and gave the company an outperform rating in a research note on Wednesday, January 6th. Finally, Zacks Investment Research cut Agnico Eagle Mines from a strong-buy rating to a hold rating and set a $69.00 price objective on the stock. in a research note on Tuesday, November 24th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $84.44.
Agnico Eagle Mines stock opened at $70.10 on Monday. The firm has a market capitalization of $17.04 billion, a P/E ratio of 26.65, a PEG ratio of 18.88 and a beta of 0.63. Agnico Eagle Mines has a 1 year low of $31.00 and a 1 year high of $89.23. The business has a 50-day moving average of $70.36 and a 200-day moving average of $74.97. The company has a current ratio of 2.37, a quick ratio of 1.04 and a debt-to-equity ratio of 0.30.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Wednesday, November 25th were paid a $0.35 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.20. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Tuesday, November 24th. Agnico Eagle Mines’s payout ratio is currently 144.33%.
A number of large investors have recently added to or reduced their stakes in the business. Macroview Investment Management LLC bought a new stake in shares of Agnico Eagle Mines during the third quarter worth about $44,000. Carroll Financial Associates Inc. increased its position in shares of Agnico Eagle Mines by 24.7% during the third quarter. Carroll Financial Associates Inc. now owns 681 shares of the mining company’s stock worth $54,000 after acquiring an additional 135 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Agnico Eagle Mines during the second quarter worth about $111,000. Jeppson Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the third quarter worth about $173,000. Finally, US Bancorp DE increased its position in shares of Agnico Eagle Mines by 40.6% during the third quarter. US Bancorp DE now owns 2,194 shares of the mining company’s stock worth $174,000 after acquiring an additional 633 shares in the last quarter. 61.62% of the stock is owned by institutional investors and hedge funds.
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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