Agnico Eagle Mines (NYSE:AEM) Given New $210.00 Price Target at Barclays

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price target decreased by Barclays from $213.00 to $210.00 in a report released on Monday, MarketBeat Ratings reports. Barclays currently has an overweight rating on the mining company’s stock.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their price objective for the company from $187.00 to $200.00 in a research report on Monday. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, TD boosted their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.85.

Agnico Eagle Mines Stock Up 0.3%

Shares of Agnico Eagle Mines stock opened at $155.34 on Monday. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The company has a market cap of $78.84 billion, a P/E ratio of 14.57, a PEG ratio of 3.37 and a beta of 0.60. The firm’s 50 day moving average price is $173.67 and its 200-day moving average price is $193.63. Agnico Eagle Mines has a 52-week low of $115.19 and a 52-week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. Agnico Eagle Mines’s revenue for the quarter was up 66.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. On average, sell-side analysts predict that Agnico Eagle Mines will post 13.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Agnico Eagle Mines

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after acquiring an additional 331 shares during the period. AQR Capital Management LLC boosted its holdings in Agnico Eagle Mines by 36.4% in the first quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after purchasing an additional 5,293 shares during the last quarter. Sivia Capital Partners LLC grew its position in Agnico Eagle Mines by 57.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock worth $379,000 after purchasing an additional 1,160 shares during the period. Rhumbline Advisers grew its position in Agnico Eagle Mines by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock worth $215,000 after purchasing an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Agnico Eagle Mines by 25.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock valued at $110,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.