TD Securities Has Lowered Expectations for Agnico Eagle Mines (NYSE:AEM) Stock Price

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target lowered by stock analysts at TD Securities from $108.00 to $106.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. TD Securities’ price objective points to a potential upside of 8.16% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group upped 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. 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. StockNews.com raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of $94.63.

Agnico Eagle Mines Trading Down 0.0 %

Shares of AEM opened at $98.01 on Wednesday. The firm has a market capitalization of $49.29 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 0.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines has a 1-year low of $47.73 and a 1-year high of $101.45. The company has a 50-day moving average of $87.46 and a 200 day moving average of $83.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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, research analysts expect that Agnico Eagle Mines will post 4.7 EPS for the current year.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors have recently bought and sold shares of AEM. Creative Planning boosted its position in shares of Agnico Eagle Mines by 28.7% in the 3rd quarter. Creative Planning now owns 37,876 shares of the mining company’s stock worth $3,051,000 after purchasing an additional 8,456 shares in the last quarter. Blue Trust Inc. raised its stake in Agnico Eagle Mines by 124.2% in the third quarter. Blue Trust Inc. now owns 3,663 shares of the mining company’s stock valued at $295,000 after buying an additional 2,029 shares during the last quarter. OLD National Bancorp IN acquired a new stake in Agnico Eagle Mines in the third quarter worth about $232,000. Foundations Investment Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter worth about $209,000. Finally, Signaturefd LLC increased its holdings in shares of Agnico Eagle Mines by 4.1% during the third quarter. Signaturefd LLC now owns 9,227 shares of the mining company’s stock valued at $743,000 after acquiring an additional 367 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.