Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) received a $53.00 price target from equities research analysts at Royal Bank Of Canada in a report released on Monday. The brokerage currently has a “hold” rating on the mining company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 19.26% from the stock’s previous close.

A number of other research firms have also issued reports on AEM. Zacks Investment Research raised Agnico Eagle Mines Limited from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research report on Friday, July 14th. Credit Suisse Group set a $63.00 price target on Agnico Eagle Mines Limited and gave the company a “buy” rating in a research report on Tuesday, July 18th. National Bank Financial raised Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 24th. Scotiabank increased their price target on Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, TD Securities increased their price target on Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $54.44.

Agnico Eagle Mines Limited (AEM) traded up 0.29% during trading on Monday, reaching $44.49. The company’s stock had a trading volume of 461,260 shares. Agnico Eagle Mines Limited has a 1-year low of $35.05 and a 1-year high of $53.17. The stock has a 50 day moving average price of $47.07 and a 200 day moving average price of $46.75. The stock has a market capitalization of $10.29 billion, a PE ratio of 40.89 and a beta of -0.76.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 26th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The firm had revenue of $549.88 million for the quarter, compared to analyst estimates of $529.43 million. During the same quarter in the prior year, the company earned $0.16 EPS. Agnico Eagle Mines Limited’s revenue was up 2.3% on a year-over-year basis. Analysts anticipate that Agnico Eagle Mines Limited will post $0.83 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Agnico Eagle Mines Limited by 75.7% in the 2nd quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock valued at $102,000 after acquiring an additional 974 shares during the last quarter. WFG Advisors LP increased its holdings in shares of Agnico Eagle Mines Limited by 8.6% in the 2nd quarter. WFG Advisors LP now owns 3,889 shares of the mining company’s stock valued at $175,000 after acquiring an additional 309 shares during the last quarter. Oppenheimer & Close LLC purchased a new position in shares of Agnico Eagle Mines Limited in the 2nd quarter valued at about $209,000. Fruth Investment Management purchased a new position in shares of Agnico Eagle Mines Limited in the 2nd quarter valued at about $212,000. Finally, Wetherby Asset Management Inc. increased its holdings in shares of Agnico Eagle Mines Limited by 3.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,110 shares of the mining company’s stock valued at $230,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

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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