Agnico Eagle Mines Ltd. (AEM) Shares Gap Up to $52.09
Shares of Agnico Eagle Mines Ltd. (NYSE:AEM) gapped up prior to trading on Friday . The stock had previously closed at $51.79, but opened at $52.09. Agnico Eagle Mines shares last traded at $53.24, with a volume of 1,270,422 shares changing hands.
A number of equities analysts recently commented on AEM shares. Sterne Agee CRT reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, May 16th. Dundee Securities cut Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Citigroup Inc. started coverage on Agnico Eagle Mines in a report on Tuesday, August 2nd. They set a “sell” rating and a $44.00 price target for the company. HSBC reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Thursday, July 7th. Finally, TD Securities reiterated a “hold” rating and set a $61.00 price target (up previously from $56.00) on shares of Agnico Eagle Mines in a report on Saturday, August 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $50.91.
The company’s 50-day moving average is $55.68 and its 200 day moving average is $46.48. The stock has a market capitalization of $11.97 billion and a price-to-earnings ratio of 369.45.
Agnico Eagle Mines (NYSE:AEM) last posted its quarterly earnings data on Thursday, July 28th. The mining company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm earned $537.60 million during the quarter, compared to analysts’ expectations of $507.37 million. During the same quarter last year, the business posted $0.09 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts anticipate that Agnico Eagle Mines Ltd. will post $0.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.10 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.75%.
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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