Shares of Agnico Eagle Mines Limited (NYSE:AEM – Get Free Report) (TSE:AEM) have received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $227.15.
A number of analysts recently issued reports on AEM shares. Bank of America lowered their target price on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. UBS Group decreased their target price on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Raymond James Financial decreased their price target on Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings downgraded Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd.
Check Out Our Latest Analysis on Agnico Eagle Mines
Institutional Trading of Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
AEM stock opened at $194.39 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. The firm has a market cap of $98.54 billion, a PE ratio of 16.63, a P/E/G ratio of 2.43 and a beta of 0.67. The business’s 50-day moving average price is $184.94 and its two-hundred day moving average price is $183.52. Agnico Eagle Mines has a 1-year low of $134.38 and a 1-year high of $255.24.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.16. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The business’s revenue was up 35.0% on a year-over-year basis. As a group, research analysts forecast that Agnico Eagle Mines will post 11.46 earnings per share for the current year.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited is a Canadian-based gold mining company engaged in the exploration, development and production of gold and other mineral resources. The company’s primary product is gold, with silver and other byproducts also recovered from certain operations. Its activities include operating mines, advancing development projects and conducting exploration to expand and replace mineral reserves.
Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s major gold producers.
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