Agnico Eagle Mines Limited (AEM) PT Set at $64.00 by Credit Suisse Group

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) received a $64.00 target price from analysts at Credit Suisse Group in a research note issued on Sunday. The brokerage currently has a “buy” rating on the mining company’s stock. Credit Suisse Group’s price target suggests a potential upside of 25.00% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $54.00 price target on shares of Agnico Eagle Mines Limited in a research report on Thursday, August 24th. BMO Capital Markets set a $47.00 price target on Agnico Eagle Mines Limited and gave the company a “hold” rating in a research report on Tuesday, August 22nd. TD Securities upped their price target on Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Scotiabank upped their price target on Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the company an “outperform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.06.

Agnico Eagle Mines Limited (NYSE AEM) traded down 3.14% during trading on Friday, reaching $49.59. 952,366 shares of the company were exchanged. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $57.35. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 45.58 and a beta of -0.71. The firm’s 50 day moving average price is $47.50 and its 200-day moving average price is $45.96.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The firm had revenue of $549.88 million for the quarter, compared to analysts’ expectations of $529.43 million. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts predict that Agnico Eagle Mines Limited will post $0.80 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of AEM. Sei Investments Co. increased its position in shares of Agnico Eagle Mines Limited by 75.7% in the second quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock worth $102,000 after purchasing an additional 974 shares during the last quarter. IFP Advisors Inc increased its position in shares of Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock worth $112,000 after purchasing an additional 235 shares during the last quarter. WFG Advisors LP increased its position in shares of Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock worth $152,000 after purchasing an additional 1,553 shares during the last quarter. Oppenheimer & Close LLC bought a new position in shares of Agnico Eagle Mines Limited in the second quarter worth approximately $209,000. Finally, Fruth Investment Management bought a new position in shares of Agnico Eagle Mines Limited in the second quarter worth approximately $212,000. Institutional investors own 59.08% of the company’s stock.

About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Analyst Recommendations for Agnico Eagle Mines Limited (NYSE:AEM)

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