Agnico Eagle Mines Ltd. (AEM) Sets New 52-Week High at $56.69
Agnico Eagle Mines Ltd. (NYSE:AEM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.69 and last traded at $56.55, with a volume of 1,223,867 shares changing hands. The stock had previously closed at $54.28.
A number of equities research analysts recently issued reports on the company. Dundee Securities cut Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a research note on Thursday. Desjardins upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Wednesday. HSBC restated a “buy” rating on shares of Agnico Eagle Mines in a research note on Thursday, July 7th. Credit Suisse Group AG restated a “buy” rating on shares of Agnico Eagle Mines in a research note on Saturday, June 4th. Finally, Sterne Agee CRT restated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, May 16th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.40.
The firm’s 50 day moving average is $51.34 and its 200 day moving average is $40.01. The company has a market capitalization of $12.36 billion and a PE ratio of 514.50.
Agnico Eagle Mines (NYSE:AEM) last issued its earnings results on Thursday, April 28th. The mining company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.13. During the same period last year, the firm earned $0.15 earnings per share. The firm had revenue of $490.53 million for the quarter, compared to the consensus estimate of $480.22 million. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts forecast that Agnico Eagle Mines Ltd. will post $0.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders 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 yield of 0.57%. The ex-dividend date was Friday, May 27th.
A hedge fund recently raised its stake in Agnico Eagle Mines stock. State of Wisconsin Investment Board raised its stake in Agnico Eagle Mines Ltd. (NYSE:AEM) by 69.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 188,821 shares of the mining company’s stock after buying an additional 77,300 shares during the period. State of Wisconsin Investment Board owned about 0.09% of Agnico Eagle Mines worth $4,944,000 as of its most recent filing with the SEC.
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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