Agnico-Eagle Mines Limited Now Covered by Canaccord Genuity (AEM)
Stock analysts at Canaccord Genuity initiated coverage on shares of Agnico-Eagle Mines Limited (NYSE:AEM) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Agnico-Eagle Mines Limited (NYSE:AEM) traded up 17.25% on Thursday, hitting $30.32. The stock had a trading volume of 4,562,476 shares. 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 $29.23 and a 200-day moving average of $31.96. The company has a market cap of $5.243 billion and a P/E ratio of 23.64.
Agnico-Eagle Mines Limited (NYSE:AEM) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.26. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $369.26 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. On average, analysts predict that Agnico-Eagle Mines Limited will post $0.50 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of Agnico-Eagle Mines Limited from an “underweight” rating to a “neutral” rating in a research note to investors on Monday. They now have a $28.20 price target on the stock. Separately, analysts at Raymond James upgraded shares of Agnico-Eagle Mines Limited from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Agnico-Eagle Mines Limited in a research note to investors on Friday, September 20th. They set a “neutral” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.36.
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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