Agnico Eagle Mines Limited (NYSE:AEM) Given Average Rating of “Moderate Buy” by Analysts

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $226.00.

A number of analysts recently weighed in on the company. Zacks Research downgraded Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. UBS Group decreased their price target on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. TD upped their price objective on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their target price for the company from $187.00 to $200.00 in a report on Monday, July 6th. Finally, Scotiabank lowered their target price on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds have recently made changes to their positions in the business. Acumen Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the 4th quarter worth $26,000. Jessup Wealth Management Inc purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter worth about $35,000. Allied Private Wealth LLC bought a new stake in Agnico Eagle Mines during the second quarter worth about $36,000. Banque Cantonale Vaudoise purchased a new stake in Agnico Eagle Mines in the fourth quarter worth about $39,000. Finally, University of Texas Texas AM Investment Management Co. lifted its holdings in shares of Agnico Eagle Mines by 64.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock valued at $39,000 after purchasing an additional 90 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 1.5%

NYSE AEM opened at $168.00 on Friday. The stock’s 50-day simple moving average is $155.81 and its two-hundred day simple moving average is $187.98. Agnico Eagle Mines has a twelve month low of $130.04 and a twelve month high of $255.24. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $85.14 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 2.03 and a beta of 0.60.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The company’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 EPS. Research analysts forecast that Agnico Eagle Mines will post 11.69 EPS for the current fiscal year.

Trending Headlines about Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: Near-record gold prices are supporting AEM. Coverage highlights bullion’s strength as a key reason Agnico Eagle is in focus. Higher gold prices can expand margins and reinforce investor interest in the company’s production portfolio. Is Agnico Eagle Rising as Gold Trades Near Records Today? Why Is Agnico Eagle Mines in the Spotlight as Bullion Sets Records?
• Positive Sentiment: JPMorgan raised its AEM price target to $179. The target increase signals continued confidence in Agnico Eagle’s operating outlook and valuation, providing an additional catalyst for the shares. JPMorgan Boosts Agnico Eagle Mines Price Target
• Positive Sentiment: Agnico Eagle completed a royalty acquisition from Prism Resources. The transaction adds a 7.5% net profit interest royalty covering properties in Ontario’s Porcupine Mining District. While financial details were not provided, the deal may strengthen AEM’s regional asset position and future development opportunities. Prism Resources Announces Closing of Royalty Sale to Agnico Eagle
• Neutral Sentiment: Nearby exploration activity adds district-level interest but has limited immediate earnings impact. Opawica announced a permitted 10,000-metre drill program at Arrowhead, adjacent to AEM’s LaRonde Complex. Any discoveries could increase the strategic importance of the area, but the project belongs to Opawica and results remain uncertain. Opawica Explorations Arrowhead Drill Strategy

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.