In yesterday’s Wall Street session, Agnico Eagle Mines Ltd (NYSE:AEM) shares traded at $47.40, down -2.89% from the previous session.
18 analysts cover Agnico Eagle Mines Ltd (NYSE:AEM), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $73.69 and a low of $55.00, we find $65.14. Given the previous closing price of $48.81, this indicates a potential upside of 33.46 percent. AEM stock price is now -0.32% away from the 50-day moving average and -7.09% away from the 200-day moving average. The market capitalization of the company currently stands at $23.43B.
The stock has received a hold rating from 0 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $65.55 as their price target over the next twelve months.
A total of 0.22% 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 Ltd shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $60,786,000. BALYASNY ASSET MANAGEMENT L.P. invested $57,744,000 in shares of AEM during the first quarter. In the first quarter, GENUS CAPITAL MANAGEMENT INC. acquired a new stake in Agnico Eagle Mines Ltd valued at approximately $10,199,000. GTS SECURITIES LLC acquired a new stake in AEM for approximately $7,550,000. SIMPLEX TRADING, LLC purchased a new stake in AEM valued at around $7,064,000 in the second quarter. In total, there are 981 active investors with 66.94% ownership of the company’s stock.
On Thursday morning Agnico Eagle Mines Ltd (NYSE: AEM) stock kicked off with the opening price of $48.77. During the past 12 months, Agnico Eagle Mines Ltd has had a low of $40.81 and a high of $61.15. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.99, and a quick ratio of 0.71. The fifty day moving average price for AEM is $47.58 and a two-hundred day moving average price translates $50.98 for the stock.
The latest earnings results from Agnico Eagle Mines Ltd (NYSE: AEM) was released for Sep, 2023. According to the Gold Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.55 by 0.1. This compares to $0.15 EPS in the same period last year. The net profit margin was 40.40% and return on equity was 14.02% for AEM. The company reported revenue of $1.64 billion for the quarter, compared to $1.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.29 percent. For the current quarter, analysts expect AEM to generate $1.66B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 3.38% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, AEM is presently at 104.47%.
Agnico Eagle Mines Ltd(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.
