Credit Suisse Group set a $64.00 price objective on Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in a research note published on Sunday morning. The brokerage currently has a buy rating on the mining company’s stock.

Several other analysts have also commented on AEM. Zacks Investment Research lowered shares of Agnico Eagle Mines Limited from a buy rating to a hold rating in a research note on Tuesday, May 16th. ValuEngine raised shares of Agnico Eagle Mines Limited from a sell rating to a hold rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $54.00 target price on shares of Agnico Eagle Mines Limited and gave the company a hold rating in a research note on Monday, June 12th. Raymond James Financial, Inc. restated an outperform rating and set a $61.00 price target on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Finally, National Bank Financial upgraded shares of Agnico Eagle Mines Limited from a sector perform rating to an outperform rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $55.06.

Agnico Eagle Mines Limited (NYSE:AEM) opened at 49.61 on Friday. The stock has a market capitalization of $11.47 billion, a PE ratio of 45.60 and a beta of -0.71. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $57.35. The stock’s 50 day moving average is $47.56 and its 200-day moving average is $45.99.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $529.43 million. During the same period in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Agnico Eagle Mines Limited will post $0.80 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.81%. Agnico Eagle Mines Limited’s dividend payout ratio is presently 36.70%.

A number of institutional investors have recently added to or reduced their stakes in the business. Capstone Asset Management Co. increased its stake in Agnico Eagle Mines Limited by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 34,381 shares of the mining company’s stock valued at $1,551,000 after buying an additional 110 shares during the period. Colony Group LLC increased its stake in Agnico Eagle Mines Limited by 2.4% in the 1st quarter. Colony Group LLC now owns 7,365 shares of the mining company’s stock valued at $313,000 after buying an additional 175 shares during the period. Wetherby Asset Management Inc. increased its stake in Agnico Eagle Mines Limited by 3.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,110 shares of the mining company’s stock valued at $230,000 after buying an additional 175 shares during the period. IFP Advisors Inc increased its stake in Agnico Eagle Mines Limited by 9.8% in the 1st quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock valued at $112,000 after buying an additional 235 shares during the period. Finally, World Asset Management Inc increased its stake in Agnico Eagle Mines Limited by 1.8% in the 1st quarter. World Asset Management Inc now owns 13,952 shares of the mining company’s stock valued at $592,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 59.08% of the company’s stock.

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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