UBS Group Downgrades Agnico Eagle Mines to Neutral

On April 2nd, 2025, UBS Group made a significant change to its assessment of Agnico Eagle Mines (NYSE:AEM) by downgrading its rating from "buy" to "neutral". This update was shared in a research note directed towards investors, as reported by Marketbeat Ratings. UBS Group has set a new price target of $110.00 for the mining company's stock, which is an increase from their previous target of $100.00. At the adjusted target price, there is a potential upside of approximately 1.72% from Agnico Eagle Mines' current stock price.

Agnico Eagle Mines has been the focus of other analysts as well. StockNews.com decreased its rating for Agnico Eagle Mines from a "strong-buy" to a "buy" on February 25th. TD Securities also revised their price target, lowering it from $108.00 to $106.00 while maintaining a "buy" rating in a report dated February 19th. On January 7th, Jefferies Financial Group raised its price objective from $85.00 to $88.00 and issued a "hold" rating. Furthermore, Raymond James established a price target of $105.00, rating the stock as "outperform" on February 4th. Stifel Canada, conversely, upgraded Agnico Eagle Mines to a "strong-buy" on March 19th. Presently, two research firms have given the stock a hold rating, while seven have issued buy recommendations and two tagged it as a strong buy. The average rating for the company stands at "Buy", with an average target price of $104.11 according to MarketBeat data.

Agnico Eagle Mines Stock Overview

As of Monday, Agnico Eagle Mines opened at $108.14. The company boasts a market capitalization of $54.40 billion, a price-to-earnings (P/E) ratio of 28.61, and a P/E growth (P/E/G) ratio of 0.66, maintaining a beta value of 1.00. Financial ratios indicate a low debt-to-equity ratio of 0.06, a current ratio of 1.86, and a quick ratio of 0.86. The stock has a 50-day moving average of $98.82 and a 200-day moving average of $88.27. Over the last year, the stock has experienced a low of $60.15 and a high of $110.36.

Agnico Eagle Mines recently reported earnings for the quarter on February 13th, revealing earnings per share (EPS) of $1.26. This was short of the consensus estimate of $1.70, representing a miss of $0.44. The company recorded a net margin of 22.88% and a return on equity of 10.45%. Analysts anticipate that Agnico Eagle Mines will achieve an EPS of 4.63 in the current year.

Institutional Investments in Agnico Eagle Mines

Recently, several institutional investors have adjusted their positions in Agnico Eagle Mines. Norges Bank acquired a new stake in the company in the fourth quarter, valued at approximately $573.4 million. Capital World Investors increased its holdings in Agnico Eagle Mines by 41.9% during the same period. They now own 13,952,061 shares, about $1.09 billion, after purchasing an additional 4,121,164 shares. Arrowstreet Capital Limited Partnership also elevated its position by 81.0% in the fourth quarter, holding 7,051,473 shares valued at $551.3 million after acquiring an additional 3,155,927 shares. AGF Management Ltd. expanded its stake by 184.6%, owning 1,395,850 shares worth about $109.2 million after a purchase of 905,328 shares. Van ECK Associates Corp added 3.6% to its holdings, with a total of 22,322,859 shares valued at $1.75 billion following an increase of 778,919 shares. Currently, institutional investors and hedge funds own 68.34% of Agnico Eagle Mines’ stock.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a gold mining company involved in the exploration, development, and production of precious metals, focusing primarily on gold. Its mining operations are located in Canada, Australia, Finland, and Mexico, with exploration and development activities extending throughout Canada, Australia, Europe, Latin America, and the United States.

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