Shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $54.93.

Several equities research analysts have recently commented on the company. National Bank Financial reissued an “outperform market weight” rating on shares of Agnico Eagle Mines Limited in a research note on Friday, September 8th. Zacks Investment Research lowered Agnico Eagle Mines Limited from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Scotiabank boosted their price target 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. TD Securities set a $53.00 price target on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Royal Bank Of Canada set a $53.00 price target on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a research note on Monday, October 23rd.

A number of hedge funds have recently bought and sold shares of AEM. FMR LLC lifted its stake in Agnico Eagle Mines Limited by 10.9% in the 2nd quarter. FMR LLC now owns 11,617,737 shares of the mining company’s stock valued at $523,909,000 after buying an additional 1,141,509 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in Agnico Eagle Mines Limited by 394.4% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 505,558 shares of the mining company’s stock valued at $22,856,000 after acquiring an additional 403,295 shares during the last quarter. TD Asset Management Inc. raised its holdings in Agnico Eagle Mines Limited by 13.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,254,897 shares of the mining company’s stock valued at $146,759,000 after acquiring an additional 393,212 shares during the last quarter. Vanguard Group Inc. raised its holdings in Agnico Eagle Mines Limited by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,444,848 shares of the mining company’s stock valued at $245,672,000 after acquiring an additional 352,417 shares during the last quarter. Finally, Stack Financial Management Inc acquired a new position in Agnico Eagle Mines Limited in the 3rd quarter valued at $14,736,000. 59.10% of the stock is currently owned by hedge funds and other institutional investors.

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Agnico Eagle Mines Limited (AEM) traded down $0.02 during midday trading on Monday, reaching $44.60. The company’s stock had a trading volume of 1,442,100 shares, compared to its average volume of 1,549,673. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.85 and a quick ratio of 2.70. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $51.86. The firm has a market cap of $10,360.00, a PE ratio of 38.78, a price-to-earnings-growth ratio of 44.71 and a beta of -0.72.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Agnico Eagle Mines Limited’s previous quarterly dividend of $0.10. Agnico Eagle Mines Limited’s dividend payout ratio is presently 34.19%.

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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