Agnico Eagle Mines Limited (NYSE:AEM – Get Free Report) (TSE:AEM) saw some unusual options trading on Friday. Stock investors purchased 12,260 call options on the stock. This represents an increase of 63% compared to the typical daily volume of 7,511 call options.
Agnico Eagle Mines Trading Down 0.4 %
Agnico Eagle Mines stock opened at $61.45 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09. The business’s 50-day simple moving average is $53.62 and its 200-day simple moving average is $51.33. The firm has a market capitalization of $30.64 billion, a PE ratio of 14.95, a PEG ratio of 0.93 and a beta of 1.06. Agnico Eagle Mines has a 52 week low of $43.22 and a 52 week high of $64.19.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last issued its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts forecast that Agnico Eagle Mines will post 2.47 earnings per share for the current year.
Agnico Eagle Mines Dividend Announcement
Hedge Funds Weigh In On Agnico Eagle Mines
Several institutional investors and hedge funds have recently added to or reduced their stakes in AEM. Banque Cantonale Vaudoise boosted its holdings in Agnico Eagle Mines by 2.8% during the first quarter. Banque Cantonale Vaudoise now owns 6,190 shares of the mining company’s stock valued at $369,000 after purchasing an additional 169 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 1.5% during the fourth quarter. IHT Wealth Management LLC now owns 14,049 shares of the mining company’s stock valued at $988,000 after purchasing an additional 208 shares in the last quarter. Avidian Wealth Solutions LLC boosted its holdings in Agnico Eagle Mines by 4.7% during the third quarter. Avidian Wealth Solutions LLC now owns 4,846 shares of the mining company’s stock valued at $220,000 after purchasing an additional 216 shares in the last quarter. Gulf International Bank UK Ltd boosted its holdings in Agnico Eagle Mines by 4.7% during the first quarter. Gulf International Bank UK Ltd now owns 5,030 shares of the mining company’s stock valued at $300,000 after purchasing an additional 226 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in Agnico Eagle Mines by 1.3% during the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock valued at $827,000 after purchasing an additional 242 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
AEM has been the topic of several research analyst reports. Jefferies Financial Group started coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They set a “hold” rating and a $54.00 price target on the stock. Raymond James lifted their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. TD Securities decreased their target price 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. CIBC decreased their target price 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, National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of $63.71.
Check Out Our Latest Stock Report on AEM
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.
Further Reading
- Five stocks we like better than Agnico Eagle Mines
- What Are Dividend Contenders? Investing in Dividend Contenders
- You Can Follow BlackRock’s Market View for Your Money
- How to Most Effectively Use the MarketBeat Earnings Screener
- Breakout Alert: Coinbase’s Consolidation Is About To End
- What is the Dow Jones Industrial Average (DJIA)?
- 3 Key Stocks Helping to Drive the EV Race
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.