Eight Capital Raises Agnico Eagle Mines (TSE:AEM) Price Target to C$105.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target upped by Eight Capital from C$92.00 to C$105.00 in a research note released on Monday, BayStreet.CA reports. Eight Capital currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. National Bankshares reduced their price target on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an outperform rating on the stock in a research report on Friday, April 19th. TD Securities decreased their price target on shares of Agnico Eagle Mines to C$62.00 and set a buy rating for the company in a research report on Wednesday, February 21st. National Bank Financial reissued an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Cormark decreased their target price on Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a buy rating in a report on Friday, April 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of Buy and a consensus target price of C$97.50.

Agnico Eagle Mines Trading Up 1.5 %

AEM stock opened at C$87.26 on Monday. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The company has a market cap of C$43.48 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 22.97 and a beta of 1.07. The business has a fifty day simple moving average of C$75.80 and a 200-day simple moving average of C$70.86. Agnico Eagle Mines has a 52 week low of C$59.36 and a 52 week high of C$88.27.

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

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 dividend yield of 2.46%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s 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.