Several brokerages have updated their recommendations and price targets on shares of Agnico Eagle Mines Limited (NYSE: AEM) in the last few weeks:

  • 8/3/2017 – Agnico Eagle Mines Limited had its price target raised by analysts at TD Securities from $48.00 to $52.00. They now have a “hold” rating on the stock.
  • 7/28/2017 – Agnico Eagle Mines Limited had its price target raised by analysts at Scotiabank from $58.00 to $58.50. They now have an “outperform” rating on the stock.
  • 7/27/2017 – Agnico Eagle Mines Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Estimates for Agnico-Eagle for the second quarter have been going up lately. Agnico-Eagle has outperformed the industry it belongs to over the last three months. The company maintains a solid exploration budget and is reinvesting in its assets to expand output. It is making a good progress with its key growth projects and is also expanding mine life across a number of properties. “
  • 7/24/2017 – Agnico Eagle Mines Limited was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating.
  • 7/24/2017 – Agnico Eagle Mines Limited was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Agnico-Eagle has outperformed the industry it belongs to over the last three months. The company maintains a solid exploration budget and is reinvesting in its assets to expand output. It is making a good progress with its key growth projects and is also expanding mine life across a number of properties. However, Agnico-Eagle is exposed to a volatile gold pricing environment. The company's lower expected production and higher anticipated costs may affect its performance in 2017. Its mines are also affected by geopolitical issues.”
  • 7/18/2017 – Agnico Eagle Mines Limited had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $54.00 price target on the stock.
  • 7/18/2017 – Agnico Eagle Mines Limited was given a new $63.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/14/2017 – Agnico Eagle Mines Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Estimates for the second quarter for Agnico-Eagle are going up lately. Agnico-Eagle has outperformed the Mining-Gold industry over the last one year. The company maintains a solid exploration budget and is reinvesting in its assets to expand output. It is making a good progress with its key growth projects and is also expanding mine life across a number of properties. The company's move to jointly acquire Osisko will also boost its production profile and improve cost structure.”
  • 6/15/2017 – Agnico Eagle Mines Limited had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $61.00 price target on the stock.
  • 6/12/2017 – Agnico Eagle Mines Limited was given a new $54.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.

Agnico Eagle Mines Limited (NYSE:AEM) traded up 3.51% on Thursday, reaching $46.30. The company’s stock had a trading volume of 2,202,555 shares. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 42.56 and a beta of -0.67. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $59.74. The firm’s 50 day moving average price is $45.48 and its 200-day moving average price is $45.91.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The company had revenue of $549.88 million for the quarter, compared to the consensus estimate of $529.43 million. During the same quarter last year, the business posted $0.16 EPS. Agnico Eagle Mines Limited’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Agnico Eagle Mines Limited will post $0.78 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Wednesday, August 30th. Agnico Eagle Mines Limited’s dividend payout ratio is presently 36.70%.

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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