Agnico Eagle Mines Upgraded to “Buy” by TD Securities (AEM)
Several other analysts have also recently commented on the stock. Analysts at Barclays initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday. They set an “outperform” rating and a $39.00 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Agnico Eagle Mines from $23.80 to $22.63 in a research note on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $37.18.
Shares of Agnico Eagle Mines (NYSE:AEM) opened at 33.46 on Tuesday. Agnico Eagle Mines has a 52 week low of $23.77 and a 52 week high of $35.46. The stock has a 50-day moving average of $31.53 and a 200-day moving average of $30.35. The company’s market cap is $5.824 billion.
Agnico Eagle Mines (NYSE:AEM) last announced its earnings results on Thursday, May 1st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.41. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $438.30 million. During the same quarter last year, the company posted $0.31 earnings per share. Agnico Eagle Mines’s revenue was up 16.8% compared to the same quarter last year. On average, analysts predict that Agnico Eagle Mines will post $1.21 earnings per share 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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