Agnico Eagle Mines Ltd. (NYSE:AEM) shares fell 4.4% during trading on Wednesday . The company traded as low as $53.37 and last traded at $53.48, with a volume of 1,209,392 shares changing hands. The stock had previously closed at $55.93.

A number of research firms have recently commented on AEM. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, May 4th. Royal Bank Of Canada upped their target price on shares of Agnico Eagle Mines from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 5th. Barclays PLC upped their target price on shares of Agnico Eagle Mines from $50.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Credit Suisse Group AG reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Saturday, June 4th. Finally, Citigroup Inc. initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, August 2nd. They issued a “sell” rating and a $44.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.14.

The stock has a 50-day moving average price of $56.46 and a 200-day moving average price of $45.71. The company has a market capitalization of $11.62 billion and a P/E ratio of 358.55.

Agnico Eagle Mines (NYSE:AEM) last posted its earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The company had revenue of $537.60 million for the quarter, compared to analysts’ expectations of $507.37 million. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. On average, analysts anticipate that Agnico Eagle Mines Ltd. will post $0.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.10 dividend. The ex-dividend date is 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 0.77%.

A hedge fund recently bought a new stake in Agnico Eagle Mines stock. Airain ltd acquired a new position in Agnico Eagle Mines Ltd. (NYSE:AEM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 130,108 shares of the mining company’s stock, valued at approximately $3,419,000. Airain ltd owned approximately 0.06% of Agnico Eagle Mines at the end of the most recent reporting period.

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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