Credit Suisse Group AG set a $69.00 price target on Agnico Eagle Mines Ltd. (NYSE:AEM) (TSE:AEM) in a research report released on Friday morning. The brokerage currently has a buy rating on the mining company’s stock.

AEM has been the topic of several other reports. RBC Capital Markets reissued a sector perform rating on shares of Agnico Eagle Mines in a research report on Monday, September 19th. TD Securities restated a hold rating and set a $61.00 price target on shares of Agnico Eagle Mines in a report on Monday, October 31st. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a sell rating to a hold rating in a report on Tuesday, November 22nd. Raymond James Financial Inc. upgraded shares of Agnico Eagle Mines from a market perform rating to an outperform rating in a report on Tuesday, October 25th. Finally, Citigroup Inc. started coverage on shares of Agnico Eagle Mines in a report on Tuesday, August 2nd. They set a sell rating and a $44.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and an average price target of $57.13.

Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

Shares of Agnico Eagle Mines (NYSE:AEM) opened at 40.88 on Friday. The stock has a 50 day moving average of $46.77 and a 200 day moving average of $51.07. Agnico Eagle Mines has a 52-week low of $24.93 and a 52-week high of $60.10. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 114.83 and a beta of -0.42.

Agnico Eagle Mines (NYSE:AEM) last released its earnings results on Wednesday, October 26th. The mining company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $610.86 million for the quarter, compared to the consensus estimate of $555.47 million. Agnico Eagle Mines had a net margin of 3.80% and a return on equity of 2.27%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. Equities analysts predict that Agnico Eagle Mines will post $0.67 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.98%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 88.89%.

A number of hedge funds and other institutional investors have recently modified their holdings of AEM. Wellington Management Group LLP increased 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 valued at $19,778,000 after buying an additional 323,286 shares during the period. AMP Capital Investors Ltd increased 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 valued at $2,331,000 after buying an additional 1,741 shares during the period. LPL Financial LLC increased its position in shares of Agnico Eagle Mines by 507.7% in the first quarter. LPL Financial LLC now owns 88,886 shares of the mining company’s stock valued at $3,238,000 after buying an additional 74,260 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Agnico Eagle Mines by 219.5% in the second quarter. BNP Paribas Arbitrage SA now owns 40,181 shares of the mining company’s stock valued at $2,150,000 after buying an additional 27,605 shares during the period. Finally, British Columbia Investment Management Corp increased its position in shares of Agnico Eagle Mines by 6.1% in the second quarter. British Columbia Investment Management Corp now owns 33,200 shares of the mining company’s stock valued at $1,368,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

About Agnico Eagle Mines

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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