Stifel Nicolaus Lowers Agnico Eagle Mines (TSE:AEM) Price Target to C$310.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective reduced by investment analysts at Stifel Nicolaus from C$350.00 to C$310.00 in a research note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 61.52% from the stock’s previous close.

AEM has been the topic of a number of other reports. National Bank Financial reduced their target price on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. BMO Capital Markets boosted their price target on Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$295.33.

Agnico Eagle Mines Trading Down 0.5%

AEM stock opened at C$191.93 on Friday. The company has a market capitalization of C$95.97 billion, a PE ratio of 18.07, a P/E/G ratio of 22.97 and a beta of 1.84. Agnico Eagle Mines has a 12 month low of C$161.45 and a 12 month high of C$348.94. The firm’s 50-day moving average is C$231.48 and its 200 day moving average is C$264.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. The company had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. On average, research analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.