Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) has been given an average rating of “Buy” by the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $58.05.
AEM has been the topic of a number of research reports. Credit Suisse Group restated a “buy” rating and issued a $62.00 price objective (up previously from $59.00) on shares of Agnico Eagle Mines in a report on Friday, December 22nd. Desjardins restated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, December 11th. Zacks Investment Research downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Friday, October 6th. CSFB increased their price objective on Agnico Eagle Mines from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, December 28th. Finally, BMO Capital Markets set a $47.00 price objective on Agnico Eagle Mines and gave the stock a “hold” rating in a report on Tuesday, November 14th.
Hedge funds have recently made changes to their positions in the business. Sei Investments Co. grew its holdings in Agnico Eagle Mines by 75.7% during the second quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock valued at $102,000 after purchasing an additional 974 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in Agnico Eagle Mines during the third quarter valued at approximately $170,000. WFG Advisors LP grew its holdings in Agnico Eagle Mines by 8.6% during the second quarter. WFG Advisors LP now owns 3,889 shares of the mining company’s stock valued at $175,000 after purchasing an additional 309 shares during the last quarter. Oppenheimer & Close LLC acquired a new position in Agnico Eagle Mines during the second quarter valued at approximately $209,000. Finally, High Pointe Capital Management LLC acquired a new position in Agnico Eagle Mines during the third quarter valued at approximately $220,000. Institutional investors own 58.31% of the company’s stock.
Agnico Eagle Mines (AEM) traded up $0.93 during trading hours on Tuesday, reaching $47.23. The company had a trading volume of 1,029,000 shares, compared to its average volume of 1,290,000. Agnico Eagle Mines has a 12-month low of $39.30 and a 12-month high of $51.86. The firm has a market capitalization of $11,000.00, a P/E ratio of 40.37, a P/E/G ratio of 49.76 and a beta of -0.74. The company has a quick ratio of 2.70, a current ratio of 3.85 and a debt-to-equity ratio of 0.28.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.10. Agnico Eagle Mines’s dividend payout ratio (DPR) is 37.61%.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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