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Investment analysts at RBC Capital boosted their target price on shares of Agnico Eagle Mines (TSE:AEM) from C$43.00 to C$49.00 in a note issued to investors on Wednesday. RBC Capital’s price objective would suggest a potential upside of 13.69% from the stock’s previous close.

AEM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Agnico Eagle Mines from C$45.00 to C$49.00 in a research note on Wednesday, June 18th. Separately, analysts at BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday, June 17th. They set an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Agnico Eagle Mines from C$36.00 to C$39.00 in a research note on Tuesday, June 17th. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Agnico Eagle Mines has a consensus rating of “Hold” and an average target price of C$36.28.

Shares of Agnico Eagle Mines (TSE:AEM) traded up 3.73% during mid-day trading on Wednesday, hitting $43.10. 1,350,341 shares of the company’s stock traded hands. Agnico Eagle Mines has a 1-year low of $24.66 and a 1-year high of $43.21. The stock’s 50-day moving average is $36.87 and its 200-day moving average is $34.72. The company’s market cap is $7.502 billion.

Agnico Eagle Mines (TSE:AEM) last released its earnings data on Monday, May 5th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.41. Analysts expect that Agnico Eagle Mines will post $1.18 EPS for the current fiscal year.

Agnico Eagle Mines Limited (TSE: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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