National Bank Financial lowered shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) from an outperform rating to a sector perform rating in a research report report published on Friday morning, MarketBeat.com reports.
Other analysts have also recently issued reports about the stock. Credit Suisse Group restated a buy rating and set a $62.00 price target on shares of Agnico Eagle Mines in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a hold rating to a buy rating and set a $52.00 price target for the company in a report on Tuesday, January 2nd. Canaccord Genuity restated a buy rating and set a $77.00 price target on shares of Agnico Eagle Mines in a report on Thursday, December 28th. Royal Bank of Canada set a $53.00 price target on shares of Agnico Eagle Mines and gave the stock a hold rating in a report on Monday, October 23rd. Finally, Desjardins restated a buy rating on shares of Agnico Eagle Mines in a report on Monday, December 11th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $57.80.
Agnico Eagle Mines (AEM) opened at $43.10 on Friday. The company has a quick ratio of 2.70, a current ratio of 3.85 and a debt-to-equity ratio of 0.28. The company has a market cap of $10,030.00, a PE ratio of 36.84, a price-to-earnings-growth ratio of 41.91 and a beta of -0.59. Agnico Eagle Mines has a fifty-two week low of $39.30 and a fifty-two week high of $51.86.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 37.61%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp lifted its stake in Agnico Eagle Mines by 136.3% in the third quarter. Stifel Financial Corp now owns 94,727 shares of the mining company’s stock valued at $4,282,000 after acquiring an additional 54,646 shares during the last quarter. High Pointe Capital Management LLC lifted its stake in Agnico Eagle Mines by 29.0% in the fourth quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock valued at $290,000 after acquiring an additional 1,410 shares during the last quarter. Swiss National Bank lifted its stake in Agnico Eagle Mines by 1.6% in the third quarter. Swiss National Bank now owns 2,070,553 shares of the mining company’s stock valued at $93,601,000 after acquiring an additional 31,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Agnico Eagle Mines by 2.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 797,109 shares of the mining company’s stock valued at $36,005,000 after acquiring an additional 16,304 shares during the last quarter. Finally, Bennicas & Associates Inc. acquired a new stake in Agnico Eagle Mines in the third quarter valued at approximately $974,000. Hedge funds and other institutional investors own 57.16% of the company’s stock.
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About Agnico Eagle Mines
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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