Agnico Eagle Mines Ltd. (AEM) Shares Gap Up to $52.09
Shares of Agnico Eagle Mines Ltd. (NYSE:AEM) gapped up before the market opened 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. Credit Suisse Group AG reiterated a “buy” rating on shares of Agnico Eagle Mines in a research note on Saturday, June 4th. Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price target for the company. in a research note on Monday, August 8th. Zacks Investment Research upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Monday, July 18th. RBC Capital Markets downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price target for the company. in a research note on Monday, August 8th. Finally, Desjardins upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $50.91.
The stock has a market cap of $11.97 billion and a PE ratio of 369.45. The company has a 50 day moving average of $55.68 and a 200 day moving average of $46.48.
Agnico Eagle Mines (NYSE:AEM) last posted its earnings results on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. During the same period in the previous year, the firm earned $0.09 EPS. The business earned $537.60 million during the quarter, compared to the consensus estimate of $507.37 million. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that Agnico Eagle Mines Ltd. will post $0.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a 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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