Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$105.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective hoisted by Canaccord Genuity Group from C$92.00 to C$105.00 in a report released on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Veritas Investment Research boosted their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. National Bankshares decreased their price target on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an outperform rating for the company in a research report on Friday, April 19th. Cormark cut their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Eight Capital upped their target price on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a buy rating in a research report on Monday. Finally, TD Securities lowered their target price on Agnico Eagle Mines to C$62.00 and set a buy rating for the company in a research note on Wednesday, February 21st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of C$97.50.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at C$85.96 on Tuesday. The business’s fifty day moving average price is C$75.80 and its 200 day moving average price is C$70.86. Agnico Eagle Mines has a twelve month low of C$59.36 and a twelve month high of C$88.27. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The stock has a market capitalization of C$42.83 billion, a P/E ratio of 15.89, a PEG ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of C$2.39 billion for the quarter, compared to analyst estimates of C$2.04 billion. As a group, research analysts anticipate that Agnico Eagle Mines will post 3.4364596 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a yield of 2.50%. Agnico Eagle Mines’s dividend payout ratio is currently 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.