Several research firms recently updated their ratings for Agnico Eagle Mines (AEM). BMO Capital Markets lowered their price target from $79 to $77 but maintained an outperform rating on June 20. Conversely, Royal Bank of Canada increased their target from $80 to $87 with the same rating on September 10. CIBC raised its target from $81 to $101 on July 10, and StockNews.com upgraded AEM from a hold to a buy rating on June 27. Lastly, TD Securities increased their target from $90 to $91, also rating it a buy. Currently, one analyst rates the stock as hold, while eight recommend buying. MarketBeat.com reports a consensus rating of Moderate Buy and a target price of $86.78.
Check Our Latest Analysis on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
Agnico Eagle Mines stock fell $1.12 to $78.82 during trading on Friday. The company traded 2,461,008 shares, slightly below its average of 2,697,116. The stock’s 1-year low is $43.29, and the high is $85.14. Key financial ratios include a current ratio of 1.51, quick ratio of 0.76, and debt-to-equity ratio of 0.06. The market cap is $39.43 billion, with a P/E ratio of 82.96 and a beta of 1.10.
Agnico Eagle Mines released its quarterly earnings on July 31, reporting an EPS of $1.07, surpassing expectations of $0.93. Revenue for the quarter was $2.08 billion, compared to predictions of $2.03 billion, with a net margin of 8.44%. Analysts forecast an EPS of 3.73 for the current fiscal year.
Institutional Trading Overview
Recent activity among hedge funds includes SG Americas Securities increasing its stake by 20.9%, acquiring an additional 19,206 shares. The Healthcare of Ontario Pension Plan Trust Fund and other firms have also made new investments in AEM. Approximately 68.34% of AEM is owned by institutional investors.
Agnico Eagle Mines Company Overview
Agnico Eagle Mines Limited is involved in gold mining and production, with operations in Canada, Australia, Finland, and Mexico.
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