Published On: Mon, Sep 19th, 2016

Agnico Eagle Mines Ltd. (AEM) Rating Reiterated by RBC Capital Markets

Agnico Eagle Mines Ltd. (NYSE:AEM)‘s stock had its “sector perform” rating reissued by stock analysts at RBC Capital Markets in a research note issued to investors on Monday.
Other equities analysts also recently issued research reports about the stock. Credit Suisse Group AG reissued a “buy” rating on shares of Agnico Eagle Mines in a report on Saturday, June 4th. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price objective on the stock. in a report on Monday, August 8th. Zacks Investment Research raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, July 18th. Citigroup Inc. reaffirmed a “sell” rating on shares of Agnico Eagle Mines in a report on Thursday, August 18th. Finally, Desjardins raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Agnico Eagle Mines has an average rating of “Hold” and an average price target of $50.91.
Shares of Agnico Eagle Mines (NYSE:AEM) traded up 2.10% during trading on Monday, hitting $52.52. 1,097,753 shares of the stock were exchanged. Agnico Eagle Mines has a 52-week low of $22.64 and a 52-week high of $60.10. The stock has a market cap of $11.74 billion, a PE ratio of 362.21 and a beta of -0.57. The firm has a 50 day moving average of $55.65 and a 200-day moving average of $47.55.

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Agnico Eagle Mines (NYSE:AEM) last posted its quarterly earnings data on Thursday, July 28th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The company had revenue of $537.60 million for the quarter, compared to the consensus estimate of $507.37 million. Agnico Eagle Mines had a net margin of 1.61% and a return on equity of 1.88%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. Equities research analysts anticipate that Agnico Eagle Mines will post $0.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Agnico Eagle Mines’s dividend payout ratio is presently 213.35%.
Several hedge funds and other institutional investors have recently bought and sold shares of AEM. IFP Advisors Inc boosted its position in Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock worth $116,000 after buying an additional 157 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Agnico Eagle Mines by 0.4% in the second quarter. Gulf International Bank UK Ltd now owns 67,528 shares of the mining company’s stock worth $3,597,000 after buying an additional 300 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Agnico Eagle Mines by 10.0% in the second quarter. Riverhead Capital Management LLC now owns 3,795 shares of the mining company’s stock worth $534,000 after buying an additional 345 shares during the last quarter. US Bancorp DE boosted its position in Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock worth $232,000 after buying an additional 476 shares during the last quarter. Finally, Chelsea Counsel Co. boosted its position in Agnico Eagle Mines by 0.6% in the first quarter. Chelsea Counsel Co. now owns 81,364 shares of the mining company’s stock worth $2,942,000 after buying an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 63.74% of the company’s stock.
Agnico Eagle Mines 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.

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