Agnico Eagle Mines Limited (NYSE:AEM – Get Free Report) (TSE:AEM) has received an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $236.0833.
Several brokerages have recently commented on AEM. JPMorgan Chase & Co. increased their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. TD Securities increased their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Erste Group Bank lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings lowered Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th.
Check Out Our Latest Report on Agnico Eagle Mines
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Agnico Eagle Mines Price Performance
Shares of Agnico Eagle Mines stock opened at $173.08 on Thursday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $86.42 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 3.86 and a beta of 0.56. The business’s 50-day moving average price is $187.98 and its 200-day moving average price is $194.62. Agnico Eagle Mines has a 12 month low of $114.60 and a 12 month high of $255.24.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.19 by $0.21. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company’s revenue was up 66.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 EPS. Sell-side analysts forecast that Agnico Eagle Mines will post 13.2 EPS for the current fiscal year.
About Agnico Eagle Mines
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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