Agnico-Eagle Mines Limited Given “Hold” Rating at CIBC (AEM)
Agnico-Eagle Mines Limited (NYSE:AEM)‘s stock had its “hold” rating reiterated by equities research analysts at CIBC in a research note issued to investors on Thursday, Stock Ratings Network reports. They currently have a $31.00 target price on the stock. CIBC’s price objective would indicate a potential upside of 5.30% from the stock’s previous close.
Shares of Agnico-Eagle Mines Limited (NYSE:AEM) traded down 2.45% on Thursday, hitting $28.72. 2,405,835 shares of the company’s stock traded hands. Agnico-Eagle Mines Limited has a 1-year low of $25.00 and a 1-year high of $57.35. The stock has a 50-day moving average of $29.15 and a 200-day moving average of $31.59. The company has a market cap of $4.966 billion and a price-to-earnings ratio of 26.91.
Agnico-Eagle Mines Limited (NYSE:AEM) last announced its earnings results on Wednesday, July 24th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.11. The company had revenue of $336.40 million for the quarter, compared to the consensus estimate of $360.07 million. During the same quarter last year, the company posted $0.40 earnings per share. Agnico-Eagle Mines Limited’s revenue was down 26.8% compared to the same quarter last year. On average, analysts predict that Agnico-Eagle Mines Limited will post $0.49 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Dundee Securities upgraded shares of Agnico-Eagle Mines Limited (NYSE:AEM) to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Agnico-Eagle Mines Limited (NYSE:AEM) in a research note to investors on Monday, September 2nd. They now have a $32.00 price target on the stock. Finally, analysts at Desjardins initiated coverage on shares of Agnico-Eagle Mines Limited (NYSE:AEM) in a research note to investors on Thursday, August 15th. They set a “hold” rating on the stock.
One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.33.
Agnico-Eagle Mines Limited (NYSE:AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States.
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