Credit Suisse Group set a $63.00 price objective on Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in a research report released on Tuesday. The firm currently has a buy rating on the mining company’s stock.

Several other equities research analysts also recently commented on the company. TD Securities restated a hold rating and set a $48.00 price objective on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. Zacks Investment Research downgraded Agnico Eagle Mines Limited from a buy rating to a hold rating in a report on Tuesday, May 16th. Raymond James Financial, Inc. restated an outperform rating and set a $61.00 price objective on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Scotiabank restated an outperform rating and set a $56.50 price objective on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. Finally, J P Morgan Chase & Co upgraded Agnico Eagle Mines Limited from a neutral rating to an overweight rating in a report on Wednesday, March 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Agnico Eagle Mines Limited currently has an average rating of Buy and an average price target of $52.94.

Agnico Eagle Mines Limited (NYSE:AEM) opened at 45.63 on Tuesday. The company has a 50 day moving average price of $46.36 and a 200 day moving average price of $45.82. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $60.10. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 50.70 and a beta of -0.67.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 27th. The mining company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.17. The firm had revenue of $547.50 million during the quarter, compared to the consensus estimate of $528.14 million. Agnico Eagle Mines Limited had a return on equity of 4.57% and a net margin of 9.43%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. Analysts anticipate that Agnico Eagle Mines Limited will post $0.70 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in AEM. US Bancorp DE boosted its position in shares of Agnico Eagle Mines Limited by 76.7% in the second quarter. US Bancorp DE now owns 6,975 shares of the mining company’s stock valued at $315,000 after buying an additional 3,027 shares during the last quarter. Aperio Group LLC boosted its position in shares of Agnico Eagle Mines Limited by 0.4% in the second quarter. Aperio Group LLC now owns 247,163 shares of the mining company’s stock valued at $11,152,000 after buying an additional 930 shares during the last quarter. Fruth Investment Management bought a new position in shares of Agnico Eagle Mines Limited during the second quarter valued at about $212,000. Winslow Evans & Crocker Inc. boosted its position in shares of Agnico Eagle Mines Limited by 11.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 19,180 shares of the mining company’s stock valued at $865,000 after buying an additional 2,000 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new position in shares of Agnico Eagle Mines Limited during the second quarter valued at about $1,648,000. 60.82% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Limited 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.

Analyst Recommendations for Agnico Eagle Mines Limited (NYSE:AEM)

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