Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday, Marketbeat reports.

A number of other analysts have also commented on the stock. Credit Suisse Group set a $63.00 target price on shares of Agnico Eagle Mines Limited and gave the stock a “buy” rating in a report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $54.00 target price on shares of Agnico Eagle Mines Limited in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Agnico Eagle Mines Limited from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a report on Friday, July 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $61.00 target price on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Finally, ValuEngine raised shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Agnico Eagle Mines Limited presently has a consensus rating of “Buy” and a consensus target price of $52.94.

Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded down 0.17% during midday trading on Monday, hitting $45.97. The stock had a trading volume of 897,338 shares. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $60.10. The stock has a market cap of $10.58 billion, a PE ratio of 51.08 and a beta of -0.67. The stock has a 50-day moving average of $46.36 and a 200 day moving average of $45.82.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 27th. The mining company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. Agnico Eagle Mines Limited had a net margin of 9.43% and a return on equity of 4.57%. The firm had revenue of $547.50 million during the quarter, compared to analyst estimates of $528.14 million. During the same quarter in the previous year, the business earned $0.12 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that Agnico Eagle Mines Limited will post $0.70 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of AEM. Renaissance Technologies LLC boosted its stake in Agnico Eagle Mines Limited by 321.1% in the fourth quarter. Renaissance Technologies LLC now owns 71,736 shares of the mining company’s stock valued at $3,012,000 after buying an additional 54,700 shares in the last quarter. ICM Asset Management Inc. WA bought a new stake in Agnico Eagle Mines Limited during the fourth quarter valued at approximately $584,000. Puplava Financial Services Inc. boosted its stake in Agnico Eagle Mines Limited by 1.2% in the first quarter. Puplava Financial Services Inc. now owns 6,879 shares of the mining company’s stock valued at $292,000 after buying an additional 84 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Agnico Eagle Mines Limited by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 67,053 shares of the mining company’s stock valued at $2,840,000 after buying an additional 1,325 shares in the last quarter. Finally, Addenda Capital Inc. bought a new stake in Agnico Eagle Mines Limited during the first quarter valued at approximately $11,838,000. 60.78% of the stock is currently owned by institutional investors and hedge funds.

About Agnico Eagle Mines Limited

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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