Agnico Eagle Mines (NYSE:AEM) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $4.72 EPS, FY2026 earnings at $4.00 EPS, FY2027 earnings at $2.90 EPS and FY2028 earnings at $2.62 EPS.

Several other equities analysts also recently issued reports on AEM. Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $104.33 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company has a market capitalization of $52.48 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines has a one year low of $55.64 and a one year high of $107.88. The business has a 50 day simple moving average of $95.77 and a 200 day simple moving average of $86.82.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, sell-side analysts forecast that Agnico Eagle Mines will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. lifted its holdings in shares of Agnico Eagle Mines by 2.0% in the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company’s stock valued at $428,000 after purchasing an additional 106 shares in the last quarter. Duncker Streett & Co. Inc. raised its holdings in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in Agnico Eagle Mines by 1.8% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company’s stock worth $543,000 after acquiring an additional 120 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its holdings in Agnico Eagle Mines by 0.5% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after acquiring an additional 125 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock worth $569,000 after acquiring an additional 141 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Company Profile

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.