Agnico Eagle Mines (NYSE:AEM) Given New $140.00 Price Target at Citigroup

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target hoisted by Citigroup from $100.00 to $140.00 in a research report report published on Monday,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. UBS Group cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and increased their price target for the stock from $100.00 to $110.00 in a research report on Monday. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Finally, Scotiabank increased their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $104.11.

Agnico Eagle Mines Stock Up 1.0 %

AEM stock opened at $108.43 on Monday. Agnico Eagle Mines has a one year low of $60.15 and a one year high of $110.36. The firm has a market cap of $54.54 billion, a PE ratio of 28.68, a PEG ratio of 0.66 and a beta of 1.00. The firm’s 50 day moving average price is $98.43 and its 200-day moving average price is $88.10. 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 (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after buying an additional 778,919 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Agnico Eagle Mines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock worth $1,554,180,000 after acquiring an additional 331,087 shares in the last quarter. Capital World Investors increased its holdings in shares of Agnico Eagle Mines by 41.9% in the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock valued at $1,091,550,000 after acquiring an additional 4,121,164 shares during the last quarter. Deutsche Bank AG raised its position in shares of Agnico Eagle Mines by 0.7% during the 4th quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock worth $932,008,000 after acquiring an additional 87,410 shares in the last quarter. Finally, Norges Bank acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $573,446,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

About Agnico Eagle Mines

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.