Agnico Eagle Mines (AEM) Stock Rating Upgraded by ValuEngine

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Several other brokerages have also recently weighed in on AEM. Barclays cut Agnico Eagle Mines from an “overweight” rating to an “equal weight” rating and set a $43.60 price target for the company. in a research report on Tuesday, April 9th. CIBC reiterated a “buy” rating and set a $57.50 price target on shares of Agnico Eagle Mines in a research report on Friday, April 5th. Zacks Investment Research cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Desjardins cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Raymond James reiterated an “outperform” rating and set a $56.00 price target on shares of Agnico Eagle Mines in a research report on Monday, April 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of $51.37.

Shares of Agnico Eagle Mines stock traded up $0.22 on Monday, reaching $41.33. 697,400 shares of the stock were exchanged, compared to its average volume of 1,286,977. The company has a quick ratio of 1.43, a current ratio of 2.96 and a debt-to-equity ratio of 0.39. Agnico Eagle Mines has a twelve month low of $32.18 and a twelve month high of $47.83. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 137.03, a price-to-earnings-growth ratio of 80.61 and a beta of -0.52.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 25th. The mining company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.07. The firm had revenue of $532.20 million during the quarter, compared to the consensus estimate of $515.52 million. Agnico Eagle Mines had a positive return on equity of 1.47% and a negative net margin of 15.60%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Research analysts anticipate that Agnico Eagle Mines will post 0.51 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Stack Financial Management Inc increased its position in shares of Agnico Eagle Mines by 4.5% in the first quarter. Stack Financial Management Inc now owns 313,798 shares of the mining company’s stock valued at $13,650,000 after buying an additional 13,582 shares in the last quarter. Optimum Investment Advisors purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $40,000. SG Americas Securities LLC increased its position in shares of Agnico Eagle Mines by 340.5% in the fourth quarter. SG Americas Securities LLC now owns 26,534 shares of the mining company’s stock valued at $1,072,000 after buying an additional 20,510 shares in the last quarter. Aviva PLC increased its position in shares of Agnico Eagle Mines by 63.0% in the fourth quarter. Aviva PLC now owns 184,411 shares of the mining company’s stock valued at $7,454,000 after buying an additional 71,289 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Agnico Eagle Mines by 188.7% in the fourth quarter. Millennium Management LLC now owns 161,647 shares of the mining company’s stock valued at $6,531,000 after buying an additional 105,647 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

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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