Agnico-Eagle Mines Limited Upgraded by UBS AG to Buy (AEM)
Agnico-Eagle Mines Limited (NYSE:AEM) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Shares of Agnico-Eagle Mines Limited (NYSE:AEM) traded up 1.22% on Wednesday, hitting $28.13. The stock had a trading volume of 489,340 shares. Agnico-Eagle Mines Limited has a 52 week low of $23.77 and a 52 week high of $51.13. The stock’s 50-day moving average is $26.47 and its 200-day moving average is $27.68. The company has a market cap of $4.879 billion and a P/E ratio of 37.15.
Agnico-Eagle Mines Limited (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Agnico-Eagle Mines Limited will post $0.85 earnings per share for the current fiscal year.
AEM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity upgraded shares of Agnico-Eagle Mines Limited from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Cormark downgraded shares of Agnico-Eagle Mines Limited to a “market perform” rating in a research note to investors on Thursday, January 9th. Finally, 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, January 9th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.62.
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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