Agnico Eagle Mines (NYSE:AEM) Earns “Outperform Overweight” Rating from National Bank Financial

National Bank Financial restated their outperform overweight rating on shares of Agnico Eagle Mines (NYSE:AEMFree Report) (TSE:AEM) in a research report report published on Monday, Zacks.com reports.

Other research analysts have also recently issued reports about the stock. CIBC dropped their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an outperform rating on the stock in a report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Agnico Eagle Mines in a report on Thursday, February 29th. They set a hold rating and a $54.00 target price on the stock. TD Securities lowered their price target on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a buy rating on the stock in a report on Wednesday, February 21st. Finally, Raymond James raised their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an outperform rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $63.71.

Read Our Latest Stock Report on AEM

Agnico Eagle Mines Stock Up 0.7 %

Shares of Agnico Eagle Mines stock opened at $61.68 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. Agnico Eagle Mines has a 1 year low of $43.22 and a 1 year high of $62.77. The firm’s 50-day moving average is $53.36 and its two-hundred day moving average is $51.24. The stock has a market cap of $30.71 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 26.57 and a beta of 1.06.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last issued its earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business earned $0.41 EPS. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, research analysts expect that Agnico Eagle Mines will post 2.3 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio is currently 38.93%.

Institutional Trading of Agnico Eagle Mines

Institutional investors have recently modified their holdings of the company. Quilter Plc purchased a new position in shares of Agnico Eagle Mines in the 1st quarter valued at approximately $204,981,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $26,000. Bruce G. Allen Investments LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $33,000. CVA Family Office LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $36,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at approximately $34,000. 68.34% of the stock is currently owned by institutional investors.

About Agnico Eagle Mines

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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.

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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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