Recent reports from research firms on Agnico Eagle Mines (AEM) include:
- BMO Capital Markets lowered their target price from $79 to $77 and rated it as outperform.
- Royal Bank of Canada increased their target from $80 to $87, also rating it outperform.
- CIBC raised their target from $81 to $101 with an outperform rating.
- StockNews.com upgraded the rating from hold to buy.
- TD Securities slightly increased their target price from $90 to $91, rating it as buy.
Currently, one analyst rates the stock as hold, while eight rate it as buy. MarketBeat.com indicates a consensus rating of Moderate Buy and an average target of $86.78.
Read Our Latest Stock Analysis on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
Agnico Eagle Mines shares fell by $1.12 to $78.82 on Friday, with 2,461,008 shares traded. The stock has ranged from $43.29 to $85.14 over the past year.
Key metrics include a current ratio of 1.51, a quick ratio of 0.76, and a debt-to-equity ratio of 0.06. Its market cap is $39.43 billion with a P/E ratio of 82.96.
In their latest quarterly earnings on July 31, Agnico reported an EPS of $1.07, surpassing estimates of $0.93. Revenue reached $2.08 billion, growing by 20.9% year-over-year. Analysts expect 3.73 EPS for the current fiscal year.
Institutional Trading of Agnico Eagle Mines
Recent changes in stakes include:
- SG Americas Securities increased their stake by 20.9%, now holding 110,928 shares.
- Healthcare of Ontario Pension Trust Fund and others also established new positions.
68.34% of shares are owned by institutional investors.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited focuses on the exploration, development, and production of gold and other precious metals in locations including Canada, Australia, Finland, and Mexico.
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