Share on StockTwits

Investment analysts at Cowen and Company reduced their target price on shares of Agnico Eagle Mines (NYSE:AEM) from $26.01 to $24.34 in a note issued to investors on Friday. Cowen and Company’s target price points to a potential downside of 35.30% from the stock’s previous close.

Agnico Eagle Mines (NYSE:AEM) traded up 1.16% on Friday, hitting $37.62. 1,554,382 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 $42.41. The stock has a 50-day moving average of $38.7 and a 200-day moving average of $33.28. The company’s market cap is $6.987 billion.

Agnico Eagle Mines (NYSE:AEM) last released its earnings data on Wednesday, July 30th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $437.80 million for the quarter, compared to the consensus estimate of $453.41 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Analysts expect that Agnico Eagle Mines will post $1.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, August 28th.

Several other analysts have also recently commented on the stock. Analysts at Scotiabank downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating in a research note on Friday. Separately, analysts at Desjardins downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, analysts at BMO Capital Markets downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “market perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Agnico Eagle Mines presently has an average rating of “Hold” and an average price target of $39.93.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.