Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) has been assigned a $63.00 price objective by analysts at Credit Suisse Group in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the mining company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 40.19% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine raised shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $54.00 price target on shares of Agnico Eagle Mines Limited and gave the stock a “hold” rating in a research note on Monday, June 12th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $61.00 price target on shares of Agnico Eagle Mines Limited in a research note on Thursday, June 15th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $56.50 price target on shares of Agnico Eagle Mines Limited in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $52.94.

Agnico Eagle Mines Limited (NYSE:AEM) traded down 0.16% during mid-day trading on Tuesday, hitting $44.94. 1,166,698 shares of the stock traded hands. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 49.93 and a beta of -0.67. The stock’s 50 day moving average is $46.44 and its 200-day moving average is $45.83. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $60.10.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 27th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.17. The business had revenue of $547.50 million for the quarter, compared to the consensus estimate of $528.14 million. Agnico Eagle Mines Limited had a net margin of 9.43% and a return on equity of 4.57%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post $0.70 EPS for the current year.

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Several institutional investors have recently modified their holdings of AEM. Aperio Group LLC increased its position in shares of Agnico Eagle Mines Limited by 0.4% in the second quarter. Aperio Group LLC now owns 247,163 shares of the mining company’s stock worth $11,152,000 after buying an additional 930 shares in the last quarter. Fruth Investment Management acquired a new position in shares of Agnico Eagle Mines Limited during the second quarter worth approximately $212,000. Winslow Evans & Crocker Inc. increased its position in shares of Agnico Eagle Mines Limited by 11.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 19,180 shares of the mining company’s stock worth $865,000 after buying an additional 2,000 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new position in shares of Agnico Eagle Mines Limited during the second quarter worth approximately $1,648,000. Finally, Virtu Financial LLC acquired a new position in shares of Agnico Eagle Mines Limited during the second quarter worth approximately $322,000. 60.82% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Limited Company Profile

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.

Analyst Recommendations for Agnico Eagle Mines Limited (NYSE:AEM)

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