Agnico Eagle Mines (NYSE:AEM) Price Target Raised to $140.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price objective lifted by stock analysts at Citigroup from $100.00 to $140.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Citigroup’s price target points to a potential upside of 28.89% from the company’s current price.

Several other equities analysts also recently issued reports on AEM. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. TD Securities cut their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, Scotiabank upped their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $104.11.

Agnico Eagle Mines Stock Up 1.2 %

Shares of NYSE:AEM traded up $1.26 during mid-day trading on Monday, hitting $108.62. 1,937,731 shares of the company traded hands, compared to its average volume of 2,363,102. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines has a 52-week low of $60.15 and a 52-week high of $110.36. The firm’s 50 day simple moving average is $97.96 and its 200 day simple moving average is $87.91. The firm has a market cap of $54.63 billion, a P/E ratio of 28.72, a PEG ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, equities analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.

Institutional Trading of Agnico Eagle Mines

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $29,000. Fifth Third Bancorp lifted its stake in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.