Shares of Agnico Eagle Mines Ltd. (NYSE:AEM) were down 1.3% during mid-day trading on Monday . The stock traded as low as $54.95 and last traded at $55.14, with a volume of 1,182,397 shares. The stock had previously closed at $55.84.

Several analysts have recently issued reports on AEM shares. CIBC upped their target price on shares of Agnico Eagle Mines from $37.50 to $44.50 in a research note on Friday, April 8th. Vetr upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $44.84 target price for the company in a research note on Thursday, April 21st. Sterne Agee CRT reiterated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, May 16th. Royal Bank Of Canada upped their target price on shares of Agnico Eagle Mines from $34.00 to $42.00 in a research note on Tuesday, April 12th. Finally, BMO Capital Markets lowered shares of Agnico Eagle Mines from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 12th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.40.

The company has a market cap of $12.25 billion and a price-to-earnings ratio of 509.54. The firm’s 50 day moving average price is $50.39 and its 200 day moving average price is $39.66.

Agnico Eagle Mines (NYSE:AEM) last posted its quarterly earnings results on Thursday, April 28th. The mining company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.13. The firm had revenue of $490.53 million for the quarter, compared to the consensus estimate of $480.22 million. Agnico Eagle Mines’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, analysts anticipate that Agnico Eagle Mines Ltd. will post $0.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, May 27th.

Several institutional investors have recently bought and sold shares of the company. Gulf International Bank UK Ltd increased its position in Agnico Eagle Mines by 7.2% in the fourth quarter. Gulf International Bank UK Ltd now owns 67,228 shares of the mining company’s stock worth $1,768,000 after buying an additional 4,500 shares during the last quarter. State of Wisconsin Investment Board increased its position in Agnico Eagle Mines by 69.3% in the fourth quarter. State of Wisconsin Investment Board now owns 188,821 shares of the mining company’s stock worth $4,944,000 after buying an additional 77,300 shares during the last quarter. Alps Advisors Inc. increased its position in Agnico Eagle Mines by 162.7% in the fourth quarter. Alps Advisors Inc. now owns 582,133 shares of the mining company’s stock worth $15,298,000 after buying an additional 360,557 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in Agnico Eagle Mines by 1.8% in the fourth quarter. Gabelli Funds LLC now owns 2,207,382 shares of the mining company’s stock worth $58,010,000 after buying an additional 38,402 shares during the last quarter.

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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