Agnico Eagle Mines (NYSE:AEM) Upgraded by TheStreet to “B+”

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was upgraded by research analysts at TheStreet from a “c+” rating to a “b+” rating in a report issued on Thursday, TheStreetRatingsTable reports.

Several other equities research analysts have also commented on the company. TD Securities lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating and cut their price objective for the stock from $74.00 to $63.00 in a research note on Friday. Canaccord Genuity lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Friday. Barclays upgraded Agnico Eagle Mines from an “equal weight” rating to an “overweight” rating and set a $92.62 price target for the company in a research report on Wednesday, December 11th. Cfra dropped their price target on Agnico Eagle Mines from $99.00 to $90.00 and set a “strong-buy” rating for the company in a research report on Friday. Finally, ValuEngine lowered Agnico Eagle Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $75.06.

NYSE:AEM opened at $49.87 on Thursday. Agnico Eagle Mines has a 12 month low of $39.66 and a 12 month high of $64.88. The stock has a 50 day moving average of $60.18 and a two-hundred day moving average of $58.68. The company has a current ratio of 1.42, a quick ratio of 0.70 and a debt-to-equity ratio of 0.30. The firm has a market cap of $14.19 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 32.19 and a beta of -0.35.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, February 13th. The mining company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Agnico Eagle Mines had a return on equity of 4.92% and a net margin of 18.97%. The company had revenue of $753.10 million during the quarter, compared to analyst estimates of $757.48 million. During the same period in the previous year, the business earned $0.14 EPS. Agnico Eagle Mines’s quarterly revenue was up 40.0% on a year-over-year basis. On average, research analysts forecast that Agnico Eagle Mines will post 1.84 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of AEM. Fieldpoint Private Securities LLC grew its position in Agnico Eagle Mines by 162.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 590 shares of the mining company’s stock worth $37,000 after acquiring an additional 365 shares during the period. Pacifica Partners Inc. purchased a new position in Agnico Eagle Mines in the fourth quarter worth approximately $39,000. Parallel Advisors LLC grew its position in Agnico Eagle Mines by 151.1% in the third quarter. Parallel Advisors LLC now owns 1,027 shares of the mining company’s stock worth $55,000 after acquiring an additional 618 shares during the period. Islay Capital Management LLC purchased a new position in Agnico Eagle Mines in the fourth quarter worth approximately $62,000. Finally, CWM LLC grew its position in Agnico Eagle Mines by 894.5% in the fourth quarter. CWM LLC now owns 1,084 shares of the mining company’s stock worth $67,000 after acquiring an additional 975 shares during the period. Institutional investors and hedge funds own 60.02% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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