Agnico Eagle Mines Ltd. (AEM) Given Sell Rating at Citigroup Inc.
Agnico Eagle Mines Ltd. (NYSE:AEM)‘s stock had its “sell” rating reissued by equities research analysts at Citigroup Inc. in a research note issued on Monday.
Other research analysts have also recently issued research reports about the stock. Desjardins raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. HSBC reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a report on Thursday, July 7th. Zacks Investment Research raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Agnico Eagle Mines in a report on Thursday, July 28th. Finally, TD Securities reaffirmed a “hold” rating and issued a $56.00 price objective on shares of Agnico Eagle Mines in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.05.
Shares of Agnico Eagle Mines (NYSE:AEM) traded up 1.12% on Monday, hitting $46.17. 1,366,022 shares of the company were exchanged. The stock has a market capitalization of $10.32 billion, a PE ratio of 318.41 and a beta of -0.84. Agnico Eagle Mines has a 52-week low of $24.80 and a 52-week high of $60.10. The firm’s 50-day moving average is $51.36 and its 200-day moving average is $49.72.
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Agnico Eagle Mines (NYSE:AEM) last posted its earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The company earned $537.60 million during the quarter, compared to the consensus estimate of $507.37 million. Agnico Eagle Mines had a net margin of 1.61% and a return on equity of 1.88%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. Equities research analysts predict that Agnico Eagle Mines will post $0.67 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of AEM. IFP Advisors Inc raised its position in Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock valued at $116,000 after buying an additional 157 shares during the last quarter. Creative Planning raised its position in shares of Agnico Eagle Mines by 25.3% in the third quarter. Creative Planning now owns 2,974 shares of the mining company’s stock valued at $161,000 after buying an additional 600 shares in the last quarter. Seven Eight Capital LLC bought a new position in shares of Agnico Eagle Mines during the second quarter valued at approximately $198,000. Riverhead Capital Management LLC raised its position in shares of Agnico Eagle Mines by 10.0% in the second quarter. Riverhead Capital Management LLC now owns 3,795 shares of the mining company’s stock valued at $534,000 after buying an additional 345 shares in the last quarter. Finally, Cipher Capital LP bought a new position in shares of Agnico Eagle Mines during the second quarter valued at approximately $216,000. Institutional investors own 62.03% of the company’s stock.
About Agnico Eagle Mines
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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