Agnico Eagle Mines (AEM) Stock Rating Upgraded by ValuEngine

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other research analysts have also recently issued reports on AEM. Canaccord Genuity reissued a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, October 22nd. BMO Capital Markets set a $45.00 target price on Agnico Eagle Mines and gave the company a “buy” rating in a research note on Wednesday, October 24th. Scotiabank set a $56.00 target price on Agnico Eagle Mines and gave the company a “buy” rating in a research note on Tuesday, October 30th. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 target price on shares of Agnico Eagle Mines in a research note on Friday, December 14th. Finally, CIBC reissued a “buy” rating on shares of Agnico Eagle Mines in a research note on Sunday, December 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $49.33.

NYSE:AEM opened at $43.74 on Tuesday. Agnico Eagle Mines has a 1 year low of $32.18 and a 1 year high of $47.83. The company has a quick ratio of 1.88, a current ratio of 2.94 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 139.16, a price-to-earnings-growth ratio of 66.03 and a beta of -0.46.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 14th. The mining company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. Agnico Eagle Mines had a positive return on equity of 1.45% and a negative net margin of 14.91%. The firm had revenue of $537.82 million during the quarter, compared to analysts’ expectations of $509.39 million. During the same period in the previous year, the firm earned $0.21 earnings per share. As a group, equities research analysts anticipate that Agnico Eagle Mines will post 0.65 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Lenox Wealth Management Inc. lifted its holdings in shares of Agnico Eagle Mines by 61.6% in the fourth quarter. Lenox Wealth Management Inc. now owns 771 shares of the mining company’s stock valued at $31,000 after purchasing an additional 294 shares in the last quarter. First Interstate Bank lifted its holdings in shares of Agnico Eagle Mines by 4.7% in the fourth quarter. First Interstate Bank now owns 6,715 shares of the mining company’s stock valued at $271,000 after purchasing an additional 300 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Agnico Eagle Mines by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,844 shares of the mining company’s stock valued at $357,000 after purchasing an additional 340 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Agnico Eagle Mines by 91.9% in the third quarter. Cornerstone Advisors Inc. now owns 1,025 shares of the mining company’s stock valued at $35,000 after purchasing an additional 491 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Agnico Eagle Mines by 8.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,492 shares of the mining company’s stock valued at $303,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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