Agnico Eagle Mines (NYSE:AEM) Downgraded to C+ at TheStreet

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

Other analysts have also recently issued research reports about the stock. National Bank Financial reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, February 2nd. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a report on Tuesday, February 16th. TD Securities reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Thursday, February 18th. Canaccord Genuity restated a “buy” rating and set a $120.00 target price on shares of Agnico Eagle Mines in a report on Friday, February 5th. Finally, BMO Capital Markets boosted their target price on shares of Agnico Eagle Mines from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.78.

AEM stock opened at $62.30 on Friday. The company has a market capitalization of $15.17 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 18.13 and a beta of 0.63. Agnico Eagle Mines has a one year low of $31.00 and a one year high of $89.23. The company’s 50 day moving average price is $69.32 and its two-hundred day moving average price is $74.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.04 and a current ratio of 2.37.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, February 11th. The mining company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Agnico Eagle Mines had a net margin of 21.54% and a return on equity of 7.22%. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, research analysts predict that Agnico Eagle Mines will post 1.94 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penbrook Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $41,000. Addison Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $44,000. Black Swift Group LLC purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $71,000. Steward Partners Investment Advisory LLC increased its position in shares of Agnico Eagle Mines by 47.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,095 shares of the mining company’s stock valued at $77,000 after purchasing an additional 350 shares during the last quarter. Finally, Exane Derivatives increased its position in shares of Agnico Eagle Mines by 85.7% during the 4th quarter. Exane Derivatives now owns 1,166 shares of the mining company’s stock valued at $82,000 after purchasing an additional 538 shares during the last quarter. 61.62% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Company Profile

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.

Featured Article: Nikkei 225 Index

Analyst Recommendations for Agnico Eagle Mines (NYSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.