Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$118.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective raised by Veritas Investment Research from C$88.40 to C$118.00 in a research note issued to investors on Friday, BayStreet.CA reports. Veritas Investment Research’s price objective would suggest a potential upside of 39.41% from the company’s previous close.

A number of other analysts have also recently issued reports on AEM. National Bankshares raised their target price on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. TD Securities cut their target price on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Cormark cut their target price on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Stifel Nicolaus raised their target price on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of C$87.25.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at C$84.64 on Friday. The firm has a 50-day moving average of C$72.61 and a 200-day moving average of C$69.56. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$88.27. The company has a market cap of C$42.17 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The company had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. As a group, equities analysts forecast that Agnico Eagle Mines will post 3.5183946 earnings per share for the current year.

Agnico Eagle Mines Company Profile

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.