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Stock analysts at Morgan Stanley increased their price objective on shares of Agnico Eagle Mines (NYSE:AEM) from $39.00 to $41.00 in a report issued on Tuesday. Morgan Stanley’s price target would indicate a potential upside of 5.29% from the company’s current price.

AEM has been the subject of a number of other recent research reports. Analysts at TD Securities upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th. Separately, analysts at Barclays initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $39.00 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a $44.00 price target on the stock, up previously from $37.00. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.09.

Agnico Eagle Mines (NYSE:AEM) traded up 2.26% on Tuesday, hitting $38.94. 1,902,330 shares of the company’s stock traded hands. Agnico Eagle Mines has a 52 week low of $23.77 and a 52 week high of $39.16. The stock’s 50-day moving average is $33.96 and its 200-day moving average is $31.5. The company’s market cap is $6.778 billion.

Agnico Eagle Mines (NYSE:AEM) last announced its earnings results on Thursday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. 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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