Agnico Eagle Mines (NYSE:AEM) Price Target Increased to $57.00 by Analysts at Jefferies Financial Group

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price boosted by Jefferies Financial Group from $54.00 to $57.00 in a report released on Monday, BayStreet.CA reports. The firm currently has a hold rating on the mining company’s stock.

A number of other brokerages have also recently weighed in on AEM. Raymond James raised their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an outperform rating in a research report on Friday, January 12th. National Bank Financial reiterated an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. CIBC dropped their price objective on Agnico Eagle Mines from $72.00 to $69.00 and set an outperform rating for the company in a research report on Wednesday, February 7th. Finally, TD Securities dropped their price objective on Agnico Eagle Mines from $64.00 to $62.00 and set a buy rating for the company in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of Moderate Buy and an average target price of $64.14.

Agnico Eagle Mines Trading Up 1.9 %

NYSE:AEM opened at $64.92 on Monday. Agnico Eagle Mines has a 1 year low of $43.22 and a 1 year high of $65.49. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.94 and a beta of 1.06. The stock has a fifty day moving average price of $56.54 and a two-hundred day moving average price of $52.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Agnico Eagle Mines will post 2.52 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

Hedge Funds Weigh In On Agnico Eagle Mines

Hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Consulting LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at about $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at about $34,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $36,000. Finally, Janiczek Wealth Management LLC lifted its stake in shares of Agnico Eagle Mines by 406.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after purchasing an additional 569 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.