Agnico Eagle Mines (NYSE:AEM) Stock Rating Upgraded by Stifel Canada

Stifel Canada upgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2028 earnings at $2.62 EPS.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Royal Bank of Canada increased their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Securities lowered their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of $95.78.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $105.52 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $94.93 and a 200 day moving average of $86.53. The firm has a market capitalization of $53.07 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines has a 52 week low of $54.02 and a 52 week high of $107.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. As a group, research analysts expect that Agnico Eagle Mines will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. Agnico Eagle Mines’s payout ratio is 42.33%.

Institutional Trading of Agnico Eagle Mines

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in Agnico Eagle Mines by 37.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,997 shares of the mining company’s stock worth $2,424,000 after acquiring an additional 8,390 shares during the period. PKO Investment Management Joint Stock Co bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $14,361,000. Total Wealth Planning & Management Inc. bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at approximately $593,000. Employees Retirement System of Texas grew its stake in shares of Agnico Eagle Mines by 2.1% during the 4th quarter. Employees Retirement System of Texas now owns 84,041 shares of the mining company’s stock valued at $6,573,000 after acquiring an additional 1,690 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its holdings in Agnico Eagle Mines by 1.9% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 63,328 shares of the mining company’s stock worth $4,953,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors 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.