Agnico Eagle Mines Ltd. (AEM) Stock Price Down 2.4%
Agnico Eagle Mines Ltd. (NYSE:AEM) shares traded down 2.4% during mid-day trading on Tuesday . The stock traded as low as $51.96 and last traded at $52.04, with a volume of 985,470 shares traded. The stock had previously closed at $53.30.
Several research analysts have issued reports on the stock. Citigroup Inc. assumed coverage on shares of Agnico Eagle Mines in a report on Tuesday, August 2nd. They set a “sell” rating and a $44.00 price target for the company. TD Securities restated 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. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price target for the company. in a report on Monday, August 8th. RBC Capital Markets lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price target for the company. in a report on Monday, August 8th. Finally, Barclays PLC raised their price target on shares of Agnico Eagle Mines from $50.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $50.91.
The company has a 50 day moving average price of $55.98 and a 200-day moving average price of $46.36. The firm has a market cap of $11.36 billion and a P/E ratio of 350.55.
Agnico Eagle Mines (NYSE:AEM) last announced its earnings results on Thursday, July 28th. The mining company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. During the same quarter in the prior year, the company earned $0.09 EPS. The business had revenue of $537.60 million for the quarter, compared to the consensus estimate of $507.37 million. Agnico Eagle Mines’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Agnico Eagle Mines Ltd. will post $0.66 earnings per share for the current fiscal 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 issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.08.
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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