A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Agnico Eagle Mines from a hold rating to a buy rating and set a $52.00 target price on the stock in a research report on Tuesday, January 2nd. Desjardins reissued a buy rating on shares of Agnico Eagle Mines in a research report on Monday, December 11th. CSFB upped their price target on shares of Agnico Eagle Mines from $59.00 to $62.00 and gave the company an outperform rating in a report on Thursday, December 28th. Raymond James Financial cut their price target on shares of Agnico Eagle Mines from $62.00 to $60.00 and set an outperform rating on the stock in a report on Friday, February 16th. Finally, TD Securities upped their price target on shares of Agnico Eagle Mines from $53.00 to $55.00 and gave the company a hold rating in a report on Friday, January 12th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Agnico Eagle Mines presently has an average rating of Buy and an average price target of $56.40.
Agnico Eagle Mines (AEM) traded down $0.03 during midday trading on Friday, hitting $39.06. 1,080,203 shares of the stock were exchanged, compared to its average volume of 1,660,000. Agnico Eagle Mines has a twelve month low of $37.35 and a twelve month high of $51.86. The company has a current ratio of 3.85, a quick ratio of 2.70 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $9,080.00, a PE ratio of 37.20, a P/E/G ratio of 60.60 and a beta of -0.35.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.11 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.44 annualized dividend and a yield of 1.13%. Agnico Eagle Mines’s dividend payout ratio is presently 41.90%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Pinebridge Investments L.P. acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth $170,000. US Bancorp DE raised its holdings in shares of Agnico Eagle Mines by 35.2% during the fourth quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock worth $270,000 after purchasing an additional 1,521 shares during the period. High Pointe Capital Management LLC raised its holdings in shares of Agnico Eagle Mines by 29.0% during the fourth quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock worth $290,000 after purchasing an additional 1,410 shares during the period. Premia Global Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $335,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth $375,000. 56.45% of the stock is currently owned by hedge funds and other institutional investors.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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