Agnico Eagle Mines (NYSE:AEM) Rating Lowered to “Buy” at StockNews.com

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Other equities analysts have also issued research reports about the company. Scotiabank boosted their target price 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. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities cut their target price 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. Finally, Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $95.78.

Agnico Eagle Mines Stock Down 0.5 %

Shares of AEM traded down $0.45 on Tuesday, hitting $97.04. 3,410,859 shares of the stock traded hands, compared to its average volume of 2,216,327. Agnico Eagle Mines has a one year low of $47.73 and a one year high of $101.45. The company has a market capitalization of $48.80 billion, a PE ratio of 25.67, a P/E/G ratio of 0.66 and a beta of 1.10. The business has a 50 day simple moving average of $88.31 and a 200 day simple moving average of $84.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. raised its stake in shares of Agnico Eagle Mines by 2.0% in the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company’s stock worth $428,000 after buying an additional 106 shares during the period. Duncker Streett & Co. Inc. increased its holdings in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Agnico Eagle Mines by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company’s stock worth $543,000 after acquiring an additional 120 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its stake in Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after acquiring an additional 125 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after purchasing an additional 141 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other 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.