Shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) have been given a consensus recommendation of “Buy” by the thirteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $54.81.

AEM has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $46.00 price objective on shares of Agnico Eagle Mines Limited in a report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Agnico Eagle Mines Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 25th. Scotiabank reiterated an “outperform” rating and issued a $56.50 target price on shares of Agnico Eagle Mines Limited in a research note on Friday, April 28th. TD Securities reiterated a “hold” rating and issued a $48.00 target price on shares of Agnico Eagle Mines Limited in a research note on Friday, April 28th. Finally, ValuEngine upgraded shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.

Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in Agnico Eagle Mines Limited by 75.7% in the second quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock worth $102,000 after buying an additional 974 shares during the period. Financial Architects Inc raised its position in Agnico Eagle Mines Limited by 52.8% in the first quarter. Financial Architects Inc now owns 2,605 shares of the mining company’s stock worth $111,000 after buying an additional 900 shares during the period. IFP Advisors Inc raised its position in Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock worth $112,000 after buying an additional 235 shares during the period. WFG Advisors LP raised its position in Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock worth $152,000 after buying an additional 1,553 shares during the period. Finally, Oppenheimer & Close LLC purchased a new position in Agnico Eagle Mines Limited during the second quarter worth approximately $209,000. Institutional investors own 60.65% of the company’s stock.

Agnico Eagle Mines Limited (NYSE:AEM) traded down 0.32% on Friday, hitting $46.15. 1,329,505 shares of the stock traded hands. The firm has a market capitalization of $10.67 billion, a PE ratio of 42.42 and a beta of -0.67. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $59.18. The stock has a 50 day moving average of $45.47 and a 200 day moving average of $45.90.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The business had revenue of $549.88 million during the quarter, compared to the consensus estimate of $529.43 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Agnico Eagle Mines Limited will post $0.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is currently 36.70%.

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About Agnico Eagle Mines Limited

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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