Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by Barclays

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) was upgraded by stock analysts at Barclays to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on AEM. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. JPMorgan Chase & Co. decreased their target price on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. BMO Capital Markets boosted their price target on Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. National Bank Financial boosted their price target on Agnico Eagle Mines from C$345.00 to C$350.00 and gave the company a “sector outperform” rating in a report on Monday, May 4th. Finally, TD Securities boosted their price target on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus target price of C$318.83.

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Agnico Eagle Mines Trading Down 0.8%

Agnico Eagle Mines stock opened at C$242.94 on Thursday. The company has a quick ratio of 0.89, a current ratio of 3.15 and a debt-to-equity ratio of 1.21. Agnico Eagle Mines has a 52 week low of C$156.93 and a 52 week high of C$348.94. The company has a market capitalization of C$121.48 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 22.97 and a beta of 1.87. The stock has a 50-day moving average price of C$272.33 and a 200 day moving average price of C$266.94.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last released its earnings results on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.The firm had revenue of C$5.70 billion during the quarter. Sell-side analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Company Profile

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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.

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