Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price objective hoisted by equities researchers at CSFB from $59.00 to $62.00 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the mining company’s stock. CSFB’s price target would suggest a potential upside of 33.82% from the company’s current price.
Several other research analysts have also issued reports on AEM. ValuEngine upgraded shares of Agnico Eagle Mines from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group set a $64.00 price target on shares of Agnico Eagle Mines and gave the stock a “buy” rating in a research note on Sunday, September 10th. National Bank Financial reissued an “outperform market weight” rating on shares of Agnico Eagle Mines in a research report on Friday, September 8th. BMO Capital Markets reissued a “hold” rating and set a $47.00 price objective on shares of Agnico Eagle Mines in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.61.
Shares of Agnico Eagle Mines (AEM) traded up $0.38 during trading on Thursday, hitting $46.33. 876,139 shares of the company traded hands, compared to its average volume of 1,526,086. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.70 and a current ratio of 3.85. The company has a market cap of $10,500.00, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 45.10 and a beta of -0.73. Agnico Eagle Mines has a 52 week low of $39.30 and a 52 week high of $51.86.
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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.
