Agnico Eagle Mines (TSE:AEM) PT Lowered to C$104.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price reduced by National Bankshares from C$105.00 to C$104.00 in a research note released on Friday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. National Bank Financial restated an outperform overweight rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Cormark decreased their target price on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a buy rating in a report on Friday. TD Securities decreased their price objective on shares of Agnico Eagle Mines to C$62.00 and set a buy rating on the stock in a report on Wednesday, February 21st. Finally, Veritas Investment Research boosted their price target on Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of C$95.75.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at C$85.30 on Friday. The firm’s 50-day moving average price is C$75.30 and its two-hundred day moving average price is C$70.69. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$88.27. The stock has a market capitalization of C$42.50 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%. The company had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. On average, equities analysts predict that Agnico Eagle Mines will post 3.4364596 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.537 per share. This represents a $2.15 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio is 39.74%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.