Agnico Eagle Mines (NYSE:AEM) Price Target Raised to $105.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target upped by Royal Bank of Canada from $96.00 to $105.00 in a report published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

AEM has been the topic of a number of other research reports. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Scotiabank upped their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.75.

Agnico Eagle Mines Stock Up 1.3 %

NYSE:AEM opened at $100.80 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $86.27 and its two-hundred day moving average is $83.02. Agnico Eagle Mines has a 52 week low of $44.37 and a 52 week high of $101.45. The stock has a market capitalization of $50.63 billion, a price-to-earnings ratio of 50.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%. Research analysts anticipate that Agnico Eagle Mines will post 4.14 EPS for the current year.

Hedge Funds Weigh In On Agnico Eagle Mines

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Agnico Eagle Mines by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after acquiring an additional 32,991 shares in the last quarter. Bridgewater Associates LP boosted its stake in Agnico Eagle Mines by 123.2% in the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after acquiring an additional 112,712 shares in the last quarter. Caldwell Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after acquiring an additional 9,400 shares in the last quarter. Forsta AP Fonden boosted its stake in Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Agnico Eagle Mines by 14.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after acquiring an additional 29,106 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.