Agnico Eagle Mines (TSE:AEM) Price Target Cut to C$266.00 by Analysts at Barclays

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price lowered by Barclays from C$298.00 to C$266.00 in a research note published on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also commented on the company. BMO Capital Markets upped their target price on Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. National Bank Financial dropped their price objective on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$302.00.

Agnico Eagle Mines Trading Down 3.6%

Shares of TSE:AEM opened at C$192.90 on Thursday. The business’s 50-day moving average is C$232.93 and its 200 day moving average is C$264.88. Agnico Eagle Mines has a 1 year low of C$160.76 and a 1 year high of C$348.94. The firm has a market capitalization of C$96.64 billion, a P/E ratio of 18.16, a P/E/G ratio of 22.97 and a beta of 1.84. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. The firm had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. On average, research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio is 15.54%.

About Agnico Eagle Mines

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.