Agnico Eagle Mines Given Average Rating of “Hold” by Analysts (NYSE:AEM)
Agnico Eagle Mines (NYSE:AEM) has received an average rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.63.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $40.00 price target on the stock. Separately, 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. Finally, 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.
Agnico Eagle Mines (NYSE:AEM) opened at 36.93 on Wednesday. Agnico Eagle Mines has a 52-week low of $23.77 and a 52-week high of $42.41. The stock’s 50-day moving average is $39.25 and its 200-day moving average is $34.43. The company’s market cap is $7.701 billion.
Agnico Eagle Mines (NYSE:AEM) last issued its quarterly 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. 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 0.87%. The ex-dividend date of this dividend is Thursday, August 28th.
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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