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Agnico Eagle Mines (NYSE:AEM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $40.00 price objective on the stock. Zacks‘s price target points to a potential upside of 4.49% from the stock’s previous close.

Agnico Eagle Mines (NYSE:AEM) traded down 3.32% on Tuesday, hitting $37.01. 862,641 shares of the company’s stock traded hands. Agnico Eagle Mines has a 1-year low of $23.77 and a 1-year high of $42.41. The stock has a 50-day moving average of $39.3 and a 200-day moving average of $34.41. The company’s market cap is $7.717 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 revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts predict that Agnico Eagle Mines will post $1.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 28th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James cut their price target on shares of Agnico Eagle Mines from $44.00 to $42.00 in a research note on Thursday, August 28th. Separately, analysts at CIBC raised their price target on shares of Agnico Eagle Mines from $40.00 to $45.00 in a research note on Friday, August 8th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Agnico Eagle Mines in a research note on Friday, August 1st. They now have a $34.00 price target on the stock, up previously from $31.00. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Agnico Eagle Mines has a consensus rating of “Hold” and a consensus price target of $40.63.

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.

To view Zacks’ full report, visit Zacks’ official website.

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