Veritas Investment Research Increases Agnico Eagle Mines (TSE:AEM) Price Target to C$118.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective raised by analysts at Veritas Investment Research from C$88.40 to C$118.00 in a report released on Friday, BayStreet.CA reports. Veritas Investment Research’s price target indicates a potential upside of 39.41% from the company’s previous close.

Several other research firms have also issued reports on AEM. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. TD Securities decreased their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Cormark decreased their price target on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Finally, National Bankshares raised 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 report on Tuesday, February 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$87.25.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at C$84.64 on Friday. The company has a market capitalization of C$42.17 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$88.27. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. The company’s fifty day moving average price is C$72.61 and its 200 day moving average price is C$69.56.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The firm had revenue of C$2.39 billion for 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%. As a group, analysts expect that Agnico Eagle Mines will post 3.5183946 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.