Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price trimmed by Royal Bank of Canada from $52.00 to $48.00 in a report published on Monday. They currently have a sector perform rating on the mining company’s stock.
Several other brokerages have also weighed in on AEM. Credit Suisse Group reaffirmed a buy rating and issued a $62.00 target price on shares of Agnico Eagle Mines in a research report on Friday, January 26th. Canaccord Genuity reaffirmed a buy rating and issued a $77.00 target price on shares of Agnico Eagle Mines in a research report on Thursday, December 28th. TD Securities upped their target price on Agnico Eagle Mines from $53.00 to $55.00 and gave the stock a hold rating in a research report on Friday, January 12th. Zacks Investment Research raised Agnico Eagle Mines from a hold rating to a buy rating and set a $52.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, CSFB upped their target price on Agnico Eagle Mines from $59.00 to $62.00 and gave the stock an outperform rating in a research report on Thursday, December 28th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Agnico Eagle Mines currently has an average rating of Buy and an average target price of $55.90.
Agnico Eagle Mines (NYSE:AEM) opened at $39.46 on Monday. The firm has a market capitalization of $9,092.91, a price-to-earnings ratio of 36.17, a P/E/G ratio of 60.56 and a beta of -0.35. Agnico Eagle Mines has a 52-week low of $37.35 and a 52-week high of $51.86. The company has a current ratio of 3.85, a quick ratio of 2.70 and a debt-to-equity ratio of 0.28.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 28th. Agnico Eagle Mines’s dividend payout ratio is 42.31%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. bought a new stake in Agnico Eagle Mines during the 3rd quarter valued at approximately $170,000. US Bancorp DE boosted its stake in Agnico Eagle Mines by 35.2% during the 4th quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock valued at $270,000 after purchasing an additional 1,521 shares during the period. High Pointe Capital Management LLC boosted its stake in Agnico Eagle Mines by 29.0% during the 4th quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock valued at $290,000 after purchasing an additional 1,410 shares during the period. Premia Global Advisors LLC bought a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $335,000. Finally, Quantbot Technologies LP bought a new stake in Agnico Eagle Mines during the 3rd quarter valued at approximately $375,000. 57.33% of the stock is currently owned by institutional investors and hedge funds.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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