Agnico Eagle Mines Ltd. (NYSE:AEM) shares were down 3.4% during trading on Wednesday . The stock traded as low as $55.95 and last traded at $56.19, with a volume of 814,344 shares. The stock had previously closed at $58.16.

Several research analysts have commented on AEM shares. Vetr upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $44.84 price target for the company in a report on Thursday, April 21st. Sterne Agee CRT reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, May 16th. Dundee Securities cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. HSBC restated a “buy” rating on shares of Agnico Eagle Mines in a research report on Thursday, July 7th. Finally, TD Securities restated a “hold” rating and set a $61.00 price objective (up previously from $56.00) on shares of Agnico Eagle Mines in a research report on Saturday, August 13th. One investment 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. Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of $50.14.

The company has a market cap of $12.59 billion and a price-to-earnings ratio of 388.62. The firm has a 50-day moving average price of $56.38 and a 200-day moving average price of $44.97.

Agnico Eagle Mines (NYSE:AEM) last issued its quarterly earnings data on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, beating 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. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Agnico Eagle Mines’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Agnico Eagle Mines Ltd. will post $0.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, August 30th. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.08.

An institutional investor recently bought a new position in Agnico Eagle Mines stock. Airain ltd acquired a new position in shares of 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 institutional investor 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 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.