Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its target price lifted by equities researchers at TD Securities from $53.00 to $55.00 in a research note issued on Friday. The brokerage currently has a “hold” rating on the mining company’s stock. TD Securities’ price target suggests a potential upside of 16.45% from the stock’s previous close.
Several other research firms have also recently issued reports on AEM. Zacks Investment Research cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Royal Bank of Canada set a $53.00 target price on shares of Agnico Eagle Mines and gave the stock a “hold” rating in a research report on Monday, October 23rd. BMO Capital Markets reissued a “hold” rating and issued a $47.00 target price on shares of Agnico Eagle Mines in a research report on Monday, October 2nd. CSFB raised their target price on shares of Agnico Eagle Mines from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, December 28th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $77.00 target price on shares of Agnico Eagle Mines in a research report on Thursday, December 28th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Agnico Eagle Mines has a consensus rating of “Buy” and a consensus price target of $58.05.
Agnico Eagle Mines (AEM) traded up $0.93 during trading on Friday, hitting $47.23. 1,028,991 shares of the company’s stock traded hands, compared to its average volume of 1,290,000. Agnico Eagle Mines has a one year low of $39.30 and a one year high of $51.86. The firm has a market cap of $11,000.00, a PE ratio of 40.37, a P/E/G ratio of 49.76 and a beta of -0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.85 and a quick ratio of 2.70.
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Agnico Eagle Mines Company Profile
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.
