Agnico Eagle Mines (NYSE:AEM) PT Raised to $100.00

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) had its price objective upped by National Bank Financial from $99.00 to $100.00 in a note issued to investors on Monday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective would suggest a potential upside of 88.61% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Citigroup lifted their price objective on Agnico Eagle Mines from $55.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Raymond James lifted their price objective on Agnico Eagle Mines from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. CIBC reissued a “buy” rating on shares of Agnico Eagle Mines in a research note on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price objective on Agnico Eagle Mines from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Finally, Barclays set a $53.00 price objective on Agnico Eagle Mines and gave the company a “hold” rating in a research note on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.82.

Agnico Eagle Mines stock opened at $53.02 on Monday. Agnico Eagle Mines has a one year low of $33.41 and a one year high of $64.88. The business has a fifty day moving average price of $56.13 and a 200-day moving average price of $50.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.63. The firm has a market capitalization of $12.98 billion, a P/E ratio of 138.92, a PEG ratio of 65.91 and a beta of -0.60.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 24th. The mining company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.07. The firm had revenue of $526.60 million during the quarter, compared to analyst estimates of $490.93 million. Agnico Eagle Mines had a positive return on equity of 1.92% and a negative net margin of 14.74%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. Sell-side analysts expect that Agnico Eagle Mines will post 0.82 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its stake in Agnico Eagle Mines by 135.9% during the first quarter. Nordea Investment Management AB now owns 17,115 shares of the mining company’s stock worth $994,000 after purchasing an additional 9,861 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in Agnico Eagle Mines by 64.0% during the second quarter. Carroll Financial Associates Inc. now owns 546 shares of the mining company’s stock worth $27,000 after purchasing an additional 213 shares during the last quarter. Scout Investments Inc. bought a new stake in Agnico Eagle Mines during the second quarter worth about $13,352,000. Addenda Capital Inc. lifted its stake in Agnico Eagle Mines by 75.9% during the second quarter. Addenda Capital Inc. now owns 530,050 shares of the mining company’s stock worth $27,233,000 after purchasing an additional 228,690 shares during the last quarter. Finally, Exane Derivatives bought a new stake in Agnico Eagle Mines during the second quarter worth about $419,000. 60.56% of the stock is owned by institutional investors.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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