Agnico Eagle Mines (NYSE:AEM) Sets New 12-Month High at $83.18

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $83.18 and last traded at $82.69, with a volume of 392443 shares trading hands. The stock had previously closed at $81.47.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. TD Securities increased their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. CIBC raised their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets dropped their price target on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.86.

Agnico Eagle Mines Stock Performance

The firm has a market cap of $41.42 billion, a PE ratio of 87.13, a P/E/G ratio of 0.77 and a beta of 1.06. The stock has a 50-day moving average price of $72.53 and a 200 day moving average price of $64.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s revenue was up 20.9% on a year-over-year basis. Research analysts forecast that Agnico Eagle Mines Limited will post 3.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AEM. Continuum Advisory LLC boosted its position in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after buying an additional 363 shares during the last quarter. Stephens Consulting LLC purchased a new position in Agnico Eagle Mines in the first quarter valued at about $30,000. Abich Financial Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the 2nd quarter valued at approximately $32,000. Janiczek Wealth Management LLC increased its holdings in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after purchasing an additional 569 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at $47,000. 68.34% of the stock is owned by institutional investors and hedge funds.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.