Agnico Eagle Mines Ltd. (NYSE:AEM)‘s stock had its “sell” rating reissued by analysts at Citigroup Inc. in a note issued to investors on Monday.

A number of other research firms have also recently weighed in on AEM. BMO Capital Markets set a $72.30 target price on shares of Agnico Eagle Mines and gave the company a “hold” rating in a research note on Sunday, September 18th. Barclays PLC boosted their target price on shares of Agnico Eagle Mines from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, August 8th. Zacks Investment Research cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. Dundee Securities cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Finally, TD Securities reiterated a “hold” rating and issued a $56.00 target price on shares of Agnico Eagle Mines in a research note on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Agnico Eagle Mines presently has a consensus rating of “Hold” and a consensus target price of $53.05.

Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

Agnico Eagle Mines (NYSE:AEM) opened at 48.01 on Monday. Agnico Eagle Mines has a 52 week low of $24.80 and a 52 week high of $60.10. The company has a market capitalization of $10.73 billion, a PE ratio of 331.10 and a beta of -0.84. The company has a 50-day moving average of $51.03 and a 200-day moving average of $50.06.

Agnico Eagle Mines (NYSE:AEM) last released its quarterly earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. Agnico Eagle Mines had a net margin of 1.61% and a return on equity of 1.88%. The business had revenue of $537.60 million for the quarter, compared to analysts’ expectations of $507.37 million. During the same period in the previous year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Agnico Eagle Mines will post $0.67 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in AEM. Bayesian Capital Management LP purchased a new position in shares of Agnico Eagle Mines during the first quarter worth $262,000. AMP Capital Investors Ltd raised its position in shares of Agnico Eagle Mines by 2.8% in the first quarter. AMP Capital Investors Ltd now owns 63,262 shares of the mining company’s stock worth $2,331,000 after buying an additional 1,741 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Agnico Eagle Mines by 144.5% in the first quarter. Wellington Management Group LLP now owns 546,945 shares of the mining company’s stock worth $19,778,000 after buying an additional 323,286 shares during the last quarter. USA Mutuals Advisors Inc. purchased a new position in shares of Agnico Eagle Mines during the first quarter worth $181,000. Finally, AXA raised its position in shares of Agnico Eagle Mines by 5.1% in the first quarter. AXA now owns 67,770 shares of the mining company’s stock worth $2,462,000 after buying an additional 3,304 shares during the last quarter. Institutional investors own 62.03% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

5 Day Chart for NYSE:AEM

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