Agnico Eagle Mines (AEM) Downgraded to “Hold” at Desjardins

Desjardins downgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) from a buy rating to a hold rating in a research report sent to investors on Friday morning, Benzinga’s Daily Ratings Newsletter reports. Desjardins also issued estimates for Agnico Eagle Mines’ Q1 2019 earnings at $0.02 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.19 EPS and FY2020 earnings at $0.82 EPS.

AEM has been the topic of a number of other research reports. Royal Bank of Canada reiterated a buy rating and issued a $55.00 target price on shares of Agnico Eagle Mines in a research note on Friday, December 14th. BMO Capital Markets set a $46.00 target price on Agnico Eagle Mines and gave the stock a buy rating in a research note on Monday, December 17th. ValuEngine lowered Agnico Eagle Mines from a buy rating to a hold rating in a research note on Wednesday, February 13th. CIBC reiterated a buy rating on shares of Agnico Eagle Mines in a research note on Sunday, December 16th. Finally, Zacks Investment Research upgraded Agnico Eagle Mines from a hold rating to a buy rating and set a $44.00 target price on the stock in a research note on Wednesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $50.61.

AEM stock opened at $42.91 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.60 and a current ratio of 2.97. Agnico Eagle Mines has a twelve month low of $32.18 and a twelve month high of $47.83. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 136.81, a price-to-earnings-growth ratio of 94.85 and a beta of -0.49.



Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 14th. The mining company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. Agnico Eagle Mines had a positive return on equity of 1.48% and a negative net margin of 14.91%. The business had revenue of $537.82 million for the quarter, compared to analyst estimates of $509.39 million. During the same quarter last year, the firm posted $0.21 earnings per share. Sell-side analysts predict that Agnico Eagle Mines will post 0.45 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. PRW Wealth Management LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth $26,000. Lenox Wealth Management Inc. grew its position in shares of Agnico Eagle Mines by 61.6% during the 4th quarter. Lenox Wealth Management Inc. now owns 771 shares of the mining company’s stock worth $31,000 after buying an additional 294 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of Agnico Eagle Mines by 91.9% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,025 shares of the mining company’s stock worth $35,000 after buying an additional 491 shares in the last quarter. Optimum Investment Advisors bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth $40,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth $99,000. 60.93% of the stock is currently owned by institutional investors and hedge funds.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

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