The stock of Agnico Eagle Mines Limited (NYSE:AEM) last traded at $57.20, up 1.27% from the previous session.
Data from the available sources indicates that Agnico Eagle Mines Limited (NYSE:AEM) is covered by 15 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $68.21 and a low of $55.10, we find $65.00. Given the previous closing price of $56.48, this indicates a potential upside of 15.08 percent. AEM stock price is now 8.34% away from the 50-day moving average and 17.88% away from the 200-day moving average. The market capitalization of the company currently stands at $26.20B.
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In total, 1 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $62.99 as their price target over the next twelve months.
, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’.
A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AEM stock. A new stake in Agnico Eagle Mines Limited shares was purchased by CAPITAL WORLD INVESTORS during the first quarter worth $185,837,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $22,076,000 in shares of AEM during the first quarter. In the first quarter, UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in Agnico Eagle Mines Limited valued at approximately $10,129,000. APTUS CAPITAL ADVISORS, LLC acquired a new stake in AEM for approximately $9,346,000. LONGFELLOW INVESTMENT MANAGEMENT CO LLC purchased a new stake in AEM valued at around $9,298,000 in the second quarter. In total, there are 895 active investors with 78.10% ownership of the company’s stock.
With an opening price of $56.40 on Wednesday morning, Agnico Eagle Mines Limited (NYSE: AEM) set off the trading day. During the past 12 months, Agnico Eagle Mines Limited has had a low of $36.69 and a high of $67.14. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 2.20, and a quick ratio of 1.00. The fifty day moving average price for AEM is $52.79 and a two-hundred day moving average price translates $48.52 for the stock.
The latest earnings results from Agnico Eagle Mines Limited (NYSE: AEM) was released for Sep, 2022. According to the Gold Company, earnings per share came in at $0.7, beating analysts’ expectations of $0.59 by 0.11. This compares to $0.49 EPS in the same period last year. The net profit margin was 10.70% and return on equity was 4.20% for AEM. The company reported revenue of $1.45 billion for the quarter, compared to $983.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.35 percent. For the current quarter, analysts expect AEM to generate $1.93B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 12/01/2022 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 2.80% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend. In terms of dividend payout ratio, AEM is presently at 104.40%.
Agnico Eagle Mines Limited(AEM) Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company’s LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.
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