Agnico Eagle Mines (NYSE:AEM) Price Target Raised to $142.00 at Bank of America

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target boosted by Bank of America from $119.00 to $142.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the mining company’s stock.

A number of other research firms have also commented on AEM. Raymond James raised their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Citigroup lifted their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 31st. TD Securities lowered their price objective on shares of 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. UBS Group cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Monday, March 31st. Finally, Scotiabank upped their price target 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. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $111.40.

Agnico Eagle Mines Stock Up 0.3 %

Agnico Eagle Mines stock opened at $99.97 on Tuesday. The firm has a market capitalization of $50.29 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.66 and a beta of 0.87. The company’s 50 day simple moving average is $100.37 and its 200 day simple moving average is $89.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines has a fifty-two week low of $60.15 and a fifty-two week high of $111.04.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results 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 10.45% and a net margin of 22.88%. As a group, sell-side analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently made changes to their positions in AEM. Captrust Financial Advisors grew its position in shares of Agnico Eagle Mines by 7.0% in the 3rd quarter. Captrust Financial Advisors now owns 5,316 shares of the mining company’s stock valued at $428,000 after acquiring an additional 349 shares during the period. Verition Fund Management LLC acquired a new stake in Agnico Eagle Mines in the 3rd quarter valued at about $333,000. HighTower Advisors LLC grew its holdings in Agnico Eagle Mines by 10.8% during the third quarter. HighTower Advisors LLC now owns 50,066 shares of the mining company’s stock worth $4,035,000 after purchasing an additional 4,865 shares during the period. Integrated Wealth Concepts LLC increased its position in Agnico Eagle Mines by 8.4% during the third quarter. Integrated Wealth Concepts LLC now owns 6,289 shares of the mining company’s stock worth $507,000 after buying an additional 486 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Agnico Eagle Mines by 10.8% in the third quarter. Quantinno Capital Management LP now owns 17,561 shares of the mining company’s stock valued at $1,415,000 after buying an additional 1,713 shares during the period. 68.34% of the stock is owned by institutional investors.

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.