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 issued on Monday, BayStreet.CA reports. They currently have a hold rating on the mining company’s stock.

Several other research firms also recently issued reports on AEM. TD Securities dropped their price objective on Agnico Eagle Mines from $64.00 to $62.00 and set a buy rating on the stock in a report on Wednesday, February 21st. National Bank Financial restated an outperform overweight rating on shares of Agnico Eagle Mines in a 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 on the stock in a report on Wednesday, February 7th. Finally, Raymond James lifted their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an outperform rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of Moderate Buy and a consensus target price of $64.14.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $62.22 on Monday. The stock’s 50 day moving average price is $55.45 and its 200 day moving average price is $52.16. The firm has a market capitalization of $31.02 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.06. 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 has a one year low of $43.22 and a one year high of $64.19.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. Agnico Eagle Mines’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. As a group, sell-side analysts expect that Agnico Eagle Mines will post 2.51 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.40 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.57%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 38.93%.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of institutional investors have recently made changes to their positions in the company. Stephens Consulting LLC bought a new position in Agnico Eagle Mines during the 1st quarter worth $30,000. Bruce G. Allen Investments LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth $33,000. CVA Family Office LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth $36,000. Janiczek Wealth Management LLC grew its stake in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after buying an additional 569 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Agnico Eagle Mines during the 3rd quarter worth $34,000. 68.34% of the stock is currently owned by institutional investors.

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.