BMO Capital Markets reiterated their hold rating on shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in a research note issued to investors on Monday. They currently have a $47.00 target price on the mining company’s stock.

Several other equities research analysts also recently issued reports on AEM. TD Securities increased their price objective on Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the stock a hold rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a hold rating and issued a $54.00 price objective on shares of Agnico Eagle Mines Limited in a research note on Tuesday, July 18th. Credit Suisse Group AG set a $63.00 price objective on Agnico Eagle Mines Limited and gave the stock a buy rating in a research note on Tuesday, July 18th. Zacks Investment Research raised Agnico Eagle Mines Limited from a hold rating to a buy rating and set a $51.00 price objective for the company in a research note on Thursday, July 27th. Finally, Scotiabank increased their price objective on Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the stock an outperform rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $54.44.

Agnico Eagle Mines Limited (NYSE AEM) opened at 45.28 on Monday. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $53.17. The company has a 50-day moving average of $47.92 and a 200 day moving average of $46.59. The firm has a market cap of $10.47 billion, a P/E ratio of 41.62 and a beta of -0.76.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The business had revenue of $549.88 million during 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 was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Agnico Eagle Mines Limited will post $0.80 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, August 30th. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is presently 36.70%.

Several institutional investors and hedge funds have recently bought and sold shares of AEM. Parametric Portfolio Associates LLC raised its stake in shares of Agnico Eagle Mines Limited by 61.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 57,006 shares of the mining company’s stock worth $2,419,000 after purchasing an additional 21,722 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Agnico Eagle Mines Limited by 7.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 91,466 shares of the mining company’s stock worth $3,883,000 after purchasing an additional 6,462 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Agnico Eagle Mines Limited by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 5,092,431 shares of the mining company’s stock worth $216,122,000 after purchasing an additional 215,145 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Agnico Eagle Mines Limited by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 219,600 shares of the mining company’s stock worth $9,290,000 after purchasing an additional 2,155 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Agnico Eagle Mines Limited by 14.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 183,593 shares of the mining company’s stock worth $7,792,000 after purchasing an additional 22,648 shares in the last quarter. 59.02% of the stock is owned by institutional investors.

About Agnico Eagle Mines Limited

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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