Agnico Eagle Mines (NYSE:AEM) Receiving Favorable News Coverage, Analysis Shows

Headlines about Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) have trended positive this week, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Agnico Eagle Mines earned a media sentiment score of 3.00 on their scale. InfoTrie also gave media headlines about the mining company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next several days.

Several research firms recently weighed in on AEM. Raymond James upped their price target on Agnico Eagle Mines from $82.00 to $94.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Royal Bank of Canada restated a “hold” rating and issued a $85.00 price target on shares of Agnico Eagle Mines in a research note on Tuesday, August 11th. Scotiabank upgraded Agnico Eagle Mines from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $65.00 to $72.00 in a research note on Thursday, July 30th. TD Securities increased their target price on Agnico Eagle Mines from $77.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays increased their target price on Agnico Eagle Mines from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Agnico Eagle Mines currently has a consensus rating of “Buy” and an average target price of $79.90.

Shares of NYSE AEM traded up $1.47 during midday trading on Thursday, hitting $81.08. 1,125,892 shares of the stock traded hands, compared to its average volume of 1,869,372. The firm has a 50-day moving average of $80.37 and a two-hundred day moving average of $64.97. The firm has a market capitalization of $19.30 billion, a P/E ratio of 39.75, a PEG ratio of 45.17 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.80 and a current ratio of 3.27. Agnico Eagle Mines has a one year low of $31.00 and a one year high of $89.23.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $545.82 million. Agnico Eagle Mines had a return on equity of 5.46% and a net margin of 18.46%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Equities analysts forecast that Agnico Eagle Mines will post 1.73 earnings per share for the current fiscal year.

About Agnico Eagle Mines

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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