Agnico Eagle Mines (NYSE: AEM) recently received a number of ratings updates from brokerages and research firms:

  • 9/25/2018 – Agnico Eagle Mines was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Earnings Estimates for Agnico Eagle for the third quarter and full year have been going down lately. Agnico Eagle faces headwinds from lower expected production and higher costs in 2018. Its unit costs are expected to increase this year mainly due to lower expected production on a year over year basis. This may hurt the company’s margins in 2018. The company’s inability to generate positive free cash flows is also a matter of concern. The recent weakness in gold prices is another concern. Agnico Eagle has also underperformed the industry it belongs to over the past three months.”
  • 9/19/2018 – Agnico Eagle Mines had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $54.00 price target on the stock.
  • 9/18/2018 – Agnico Eagle Mines was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/17/2018 – Agnico Eagle Mines had its price target lowered by analysts at JPMorgan Chase & Co. from $65.00 to $50.00. They now have an “overweight” rating on the stock.
  • 9/10/2018 – Agnico Eagle Mines had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 9/5/2018 – Agnico Eagle Mines was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 9/4/2018 – Agnico Eagle Mines was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/29/2018 – Agnico Eagle Mines had its price target lowered by analysts at Citigroup Inc from $45.00 to $38.00. They now have a “neutral” rating on the stock.
  • 8/9/2018 – Agnico Eagle Mines was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating.
  • 7/31/2018 – Agnico Eagle Mines had its price target raised by analysts at TD Securities from $55.00 to $56.00. They now have a “buy” rating on the stock.
  • 7/30/2018 – Agnico Eagle Mines was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $55.00 price target on the stock, up previously from $49.00.

Shares of Agnico Eagle Mines stock traded up $0.08 during trading on Thursday, hitting $33.83. 64,879 shares of the stock were exchanged, compared to its average volume of 1,686,707. The firm has a market capitalization of $8.22 billion, a P/E ratio of 30.48 and a beta of -0.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.83 and a current ratio of 4.02. Agnico Eagle Mines Ltd has a 12 month low of $32.18 and a 12 month high of $49.80.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 25th. The mining company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $556.28 million for the quarter, compared to the consensus estimate of $536.81 million. Agnico Eagle Mines had a return on equity of 3.07% and a net margin of 6.84%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. sell-side analysts forecast that Agnico Eagle Mines Ltd will post 0.29 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Agnico Eagle Mines by 12.0% during the second quarter. Northern Trust Corp now owns 229,389 shares of the mining company’s stock worth $10,512,000 after acquiring an additional 24,596 shares during the last quarter. Bank of Nova Scotia grew its position in shares of Agnico Eagle Mines by 12.6% during the second quarter. Bank of Nova Scotia now owns 753,349 shares of the mining company’s stock worth $34,390,000 after acquiring an additional 84,158 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Agnico Eagle Mines by 59.1% during the second quarter. Tower Research Capital LLC TRC now owns 9,948 shares of the mining company’s stock worth $456,000 after acquiring an additional 3,694 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in shares of Agnico Eagle Mines during the second quarter worth about $917,000. Finally, AMP Capital Investors Ltd grew its position in shares of Agnico Eagle Mines by 106.6% during the second quarter. AMP Capital Investors Ltd now owns 140,993 shares of the mining company’s stock worth $6,461,000 after acquiring an additional 72,736 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

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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