Agnico Eagle Mines (AEM) Set to Announce Earnings on Thursday

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) is scheduled to release its earnings data after the market closes on Thursday, February 15th. Analysts expect Agnico Eagle Mines to post earnings of $0.45 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $46.91 on Tuesday. The firm has a 50 day moving average of $51.60 and a 200 day moving average of $49.46. The company has a quick ratio of 0.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $23.35 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 19.78 and a beta of 1.04. Agnico Eagle Mines has a 52 week low of $43.22 and a 52 week high of $61.15.

Institutional Trading of Agnico Eagle Mines

Large investors have recently made changes to their positions in the business. Coppell Advisory Solutions Corp. purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at $26,000. Almanack Investment Partners LLC. acquired a new stake in Agnico Eagle Mines during the third quarter worth about $37,000. Harbour Investments Inc. raised its position in Agnico Eagle Mines by 98.1% during the second quarter. Harbour Investments Inc. now owns 935 shares of the mining company’s stock valued at $47,000 after acquiring an additional 463 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Agnico Eagle Mines by 34.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company’s stock valued at $62,000 after acquiring an additional 263 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in Agnico Eagle Mines in the 1st quarter worth approximately $65,000. 59.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AEM. CIBC dropped their price objective on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. TD Securities upped their price target on Agnico Eagle Mines from $69.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Finally, Raymond James boosted their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.29.

View Our Latest Report on AEM

About Agnico Eagle Mines

(Get Free Report)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.

See Also

Earnings History for Agnico Eagle Mines (NYSE:AEM)

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