Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) has been assigned a $62.00 price objective by analysts at Credit Suisse Group in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the mining company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 33.82% from the stock’s current price.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, October 3rd. Desjardins reissued a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, December 11th. BMO Capital Markets set a $47.00 price objective on Agnico Eagle Mines and gave the stock a “hold” rating in a report on Tuesday, November 14th. Royal Bank of Canada set a $53.00 price objective on Agnico Eagle Mines and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, TD Securities set a $53.00 price objective on Agnico Eagle Mines and gave the stock a “hold” rating in a report on Thursday, October 19th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.75.
Shares of Agnico Eagle Mines (NYSE:AEM) traded up $0.38 during mid-day trading on Thursday, reaching $46.33. The company had a trading volume of 877,300 shares, compared to its average volume of 1,526,086. Agnico Eagle Mines has a 1-year low of $39.30 and a 1-year high of $51.86. The company has a market cap of $10,645.38, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 45.57 and a beta of -0.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.85 and a quick ratio of 2.70.
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About Agnico Eagle Mines
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
