Agnico Eagle Mines (TSE:AEM) PT Raised to C$104.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective increased by investment analysts at Stifel Nicolaus from C$94.00 to C$104.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 18.42% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Cormark lowered their price target on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. National Bankshares upped their price target on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. TD Securities lowered their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Finally, Veritas Investment Research increased their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$94.43.

Agnico Eagle Mines Stock Up 0.5 %

Shares of Agnico Eagle Mines stock opened at C$87.82 on Friday. The company has a market cap of C$43.76 billion, a P/E ratio of 16.23, a PEG ratio of 22.97 and a beta of 1.07. The company has a debt-to-equity ratio of 10.32, a quick ratio of 0.89 and a current ratio of 2.09. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$88.27. The firm has a fifty day moving average of C$74.86 and a two-hundred day moving average of C$70.44.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The company had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. On average, analysts forecast that Agnico Eagle Mines will post 3.4364596 earnings per share for the current year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.