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

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective hoisted by Stifel Nicolaus from C$94.00 to C$104.00 in a research note released on Friday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Cormark dropped their target price on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. National Bankshares lifted their target price on Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. Veritas Investment Research boosted their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. National Bank Financial restated an outperform overweight rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, TD Securities dropped their price objective on Agnico Eagle Mines to C$62.00 and set a buy rating for the company in a report on Wednesday, February 21st. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of C$94.43.

Agnico Eagle Mines Stock Performance

TSE AEM opened at C$87.82 on Friday. The stock has a market capitalization of C$43.76 billion, a PE ratio of 16.23, a P/E/G ratio of 22.97 and a beta of 1.07. The business has a 50 day simple moving average of C$74.86 and a two-hundred day simple moving average of C$70.52. 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 has a 1-year low of C$59.36 and a 1-year high of C$88.27.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The firm had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations 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, research analysts predict that Agnico Eagle Mines will post 3.4364596 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 2.45%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 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.