The stock of Agnico Eagle Mines Limited (NYSE:AEM) last traded at $49.98, up 1.52% from the previous session.
Data from the available sources indicates that Agnico Eagle Mines Limited (NYSE:AEM) is covered by 21 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $100.23 and a low of $55.00, we find $69.00. Given the previous closing price of $49.23, this indicates a potential upside of 40.16 percent. AEM stock price is now -6.75% away from the 50-day moving average and -0.37% away from the 200-day moving average. The market capitalization of the company currently stands at $24.21B.
In total, 2 analysts have assigned it a hold rating, and 16 have given it a buy rating. Brokers who have rated the stock have averaged $69.47 as their price target over the next twelve months.
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 CANOE FINANCIAL LP during the first quarter worth $113,639,000. LLOYD HARBOR CAPITAL MANAGEMENT, LLC invested $7,847,000 in shares of AEM during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in Agnico Eagle Mines Limited valued at approximately $7,497,000. UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in AEM for approximately $7,406,000. GREY STREET CAPITAL, LLC purchased a new stake in AEM valued at around $6,558,000 in the second quarter. In total, there are 953 active investors with 78.10% ownership of the company’s stock.
With an opening price of $49.39 on Friday 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 $61.15. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 2.30, and a quick ratio of 1.10. The fifty day moving average price for AEM is $53.47 and a two-hundred day moving average price translates $50.20 for the stock.
The latest earnings results from Agnico Eagle Mines Limited (NYSE: AEM) was released for Mar, 2023. According to the Gold Company, earnings per share came in at $0.57, beating analysts’ expectations of $0.49 by 0.08. This compares to $0.31 EPS in the same period last year. The net profit margin was 40.10% and return on equity was 13.90% for AEM. The company reported revenue of $1.51 billion for the quarter, compared to $1.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.88 percent. For the current quarter, analysts expect AEM to generate $1.69B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/01/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 3.20% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, AEM is presently at 31.30%.
Agnico Eagle Mines Limited(AEM) Company Profile
Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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. Agnico Eagle Mines Limited was incorporated in 1953 and is headquartered in Toronto, Canada.
