Agnico Eagle Mines (TSE:AEM) Price Target Cut to C$310.00 by Analysts at Stifel Nicolaus

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective decreased by Stifel Nicolaus from C$350.00 to C$310.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other research firms have also recently commented on AEM. National Bank Financial cut their price target on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. 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. BMO Capital Markets raised their price objective on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Finally, Barclays dropped their price objective on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$295.33.

Agnico Eagle Mines Price Performance

AEM stock opened at C$191.93 on Friday. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21. The company has a market capitalization of C$96.15 billion, a PE ratio of 18.07, a P/E/G ratio of 22.97 and a beta of 1.84. Agnico Eagle Mines has a 12-month low of C$161.45 and a 12-month high of C$348.94. The business’s fifty day moving average price is C$231.48 and its 200 day moving average price is C$264.37.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. The business had revenue of C$5.70 billion for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. On average, sell-side analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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