Agnico Eagle Mines (NYSE:AEM) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

AEM has been the topic of several other reports. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Raymond James Financial restated an “outperform” rating and set a $225.00 price target on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. Bank of America increased their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $185.00 to $205.00 in a report on Wednesday, December 10th. Finally, TD Securities increased their price objective on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $211.70.

View Our Latest Research Report on Agnico Eagle Mines

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $208.94 on Monday. The stock has a market cap of $104.61 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31. Agnico Eagle Mines has a 1 year low of $86.24 and a 1 year high of $209.58. The firm has a 50-day moving average of $175.60 and a two-hundred day moving average of $157.35.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last issued its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. During the same period last year, the company posted $1.14 earnings per share. On average, research analysts forecast that Agnico Eagle Mines will post 4.63 earnings per share for the current year.

Institutional Trading of Agnico Eagle Mines

Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its holdings in shares of Agnico Eagle Mines by 381.3% during the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after purchasing an additional 122 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after acquiring an additional 74 shares during the period. MCF Advisors LLC acquired a new position in Agnico Eagle Mines during the third quarter valued at $34,000. Lodestone Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at $35,000. Finally, Abound Wealth Management raised its stake in shares of Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

About Agnico Eagle Mines

(Get Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

Further Reading