BMO Capital Markets set a $47.00 price target on Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in a research note released on Tuesday. The brokerage currently has a hold rating on the mining company’s stock.

Several other research firms also recently commented on AEM. Zacks Investment Research raised shares of Agnico Eagle Mines Limited from a strong sell rating to a hold rating in a research report on Tuesday, April 25th. Scotiabank reissued an outperform rating and set a $56.50 target price on shares of Agnico Eagle Mines Limited in a research report on Friday, April 28th. TD Securities reissued a hold rating and set a $48.00 target price on shares of Agnico Eagle Mines Limited in a research report on Friday, April 28th. Royal Bank Of Canada increased their target price on shares of Agnico Eagle Mines Limited from $58.00 to $63.00 and gave the stock a sector perform rating in a research report on Thursday, May 11th. Finally, ValuEngine raised shares of Agnico Eagle Mines Limited from a sell rating to a hold rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $54.94.

Shares of Agnico Eagle Mines Limited (AEM) opened at 47.47 on Tuesday. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 43.63 and a beta of -0.67. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $57.35. The firm has a 50-day moving average price of $45.81 and a 200-day moving average price of $45.86.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The business had revenue of $549.88 million for the quarter, compared to the consensus estimate of $529.43 million. During the same period in the prior year, the business posted $0.16 earnings per share. Agnico Eagle Mines Limited’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts predict that Agnico Eagle Mines Limited will post $0.78 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, August 30th. Agnico Eagle Mines Limited’s dividend payout ratio is currently 36.70%.

Large investors have recently modified their holdings of the stock. Sei Investments Co. increased its stake in shares of Agnico Eagle Mines Limited by 75.7% in the second quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock valued at $102,000 after buying an additional 974 shares in the last quarter. Financial Architects Inc increased its stake in shares of Agnico Eagle Mines Limited by 52.8% in the first quarter. Financial Architects Inc now owns 2,605 shares of the mining company’s stock valued at $111,000 after buying an additional 900 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock valued at $112,000 after buying an additional 235 shares in the last quarter. WFG Advisors LP increased its stake in shares of Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock valued at $152,000 after buying an additional 1,553 shares in the last quarter. Finally, Oppenheimer & Close LLC acquired a new stake in shares of Agnico Eagle Mines Limited during the second quarter valued at about $209,000. 60.28% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Limited 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.

Analyst Recommendations for Agnico Eagle Mines Limited (NYSE:AEM)

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