Agnico-Eagle Mines Limited Lowered to “Market Perform” at Cormark (AEM)
Agnico-Eagle Mines Limited (NYSE:AEM) was downgraded by investment analysts at Cormark to a “market perform” rating in a note issued to investors on Thursday, Stock Ratings Network.com reports.
AEM has been the subject of a number of other recent research reports. Analysts at Desjardins downgraded shares of Agnico-Eagle Mines Limited from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at RBC Capital downgraded shares of Agnico-Eagle Mines Limited from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, December 6th. They now have a $31.00 price target on the stock, down previously from $38.00. Finally, analysts at Morgan Stanley upgraded shares of Agnico-Eagle Mines Limited from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, November 26th. They now have a $36.00 price target on the stock, up previously from $28.00. Fourteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.62.
Shares of Agnico-Eagle Mines Limited (NYSE:AEM) traded down 2.95% during mid-day trading on Thursday, hitting $26.00. The stock had a trading volume of 2,171,703 shares. Agnico-Eagle Mines Limited has a 1-year low of $23.77 and a 1-year high of $51.53. The stock has a 50-day moving average of $26.36 and a 200-day moving average of $27.63. The company has a market cap of $4.509 billion and a P/E ratio of 35.82.
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 last year, the company posted $0.77 earnings per share. Agnico-Eagle Mines Limited’s revenue was down 17.1% compared to the same quarter last year. Analysts expect that Agnico-Eagle Mines Limited will post $0.87 EPS for the current fiscal year.
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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