Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) was downgraded by Zacks Investment Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday, July 24th. The company's stock had a trading volume of 376,558 shares. Hexavest Inc.'s holdings in Agnico Eagle Mines Limited were worth $2,971,000 as of its most recent SEC filing.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.
Fox Point Capital Management Llc increased Agnico Eagle Mines Ltd (AEM) stake by 100% reported in 2016Q4 SEC filing. Financial Architects Inc now owns 2,605 shares of the mining company's stock worth $111,000 after buying an additional 900 shares in the last quarter. 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 valued at $112,000 after buying an additional 235 shares during the period. Twin Tree Management Lp who had been investing in Agnico Eagle Mines Ltd (Call) for a number of months, seems to be less bullish one the $10.65B market cap company.
In related news, insider Yvon Sylvestre sold 5,000 shares of Agnico Eagle Mines stock in a transaction on Tuesday, May 16th. Wetherby Asset Management Inc. acquired a new position in Agnico Eagle Mines Limited during the first quarter worth $210,000. Equities research analysts forecast that Agnico Eagle Mines Limited will post $0.74 earnings per share for the current year. Scotiabank reissued an "outperform" rating and issued a $56.50 target price on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th.
Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Agnico Eagle Mines has a 1-year low of $46.91 and a 1-year high of $78.35. The stock has a market cap of $13.36 billion and a P/E ratio of 53.12.
Agnico Eagle Mines Limited (AEM)'s ROE is 5.41%, while industry's is 0.49%. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.10. The company had revenue of $549.88 million during the quarter, compared to analyst estimates of $529.43 million.
On 2/10/2016 Agnico Eagle Mines Limited announced a quarterly dividend of $0.08 0.91% with an ex dividend date of 2/26/2016 which will be payable on 3/15/2016. For the past 5 years, the company's revenue has grown 28.4%, while the company's earnings per share has grown 20.1%. Canaccord Genuity increased their price objective on Agnico Eagle Mines from C$72.00 to C$73.00 in a research report on Thursday, July 27th. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.88%.
COPYRIGHT VIOLATION NOTICE: This story was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another publication, it was illegally stolen and reposted in violation of US & global trademark and copyright law. The legal version of this story can be viewed at https://theolympiareport.com/2017/08/03/agnico-eagle-mines-ltd-aem-price-target-raised-to-c65-00-at-td-securities.html. The stock is a Buy among 4 brokerage firms polled by Factset Research. Raymond James Financial, Inc. reissued an "outperform" rating and issued a $61.00 target price on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. The firm earned "Outperform" rating on Monday, July 24 by National Bank Canada. ValuEngine upgraded shares of Agnico Eagle Mines Limited from a "sell" rating to a "hold" rating in a research report on Friday, June 2nd.
Agnico Eagle Mines Limited (AEM) traded down 1.09% on Tuesday, hitting $46.20. Recently, investment analysts covering the stock have updated the mean rating to 2.2. GBX 712.58's average target is -24.63% below currents GBX 945.5 stock price. Its exploration activities are concentrated in Canada, Europe, Latin America and the United States. It operates through three segments: Northern Business, Southern Business, and Exploration.