Agnico Eagle Mines (TSE:AEM) was downgraded by analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday, Analyst Ratings News reports. They currently have a C$31.00 price target on the stock, down from their previous price target of C$38.00. RBC Capital’s target price indicates a potential upside of 14.14% from the company’s current price.
Shares of Agnico Eagle Mines (TSE:AEM) traded down 0.26% during mid-day trading on Friday, hitting $27.09. The stock had a trading volume of 900,552 shares. Agnico Eagle Mines has a one year low of $24.66 and a one year high of $53.99. The stock has a 50-day moving average of $29.10 and a 200-day moving average of $29.41. The company has a market cap of $4.698 billion and a price-to-earnings ratio of 35.74.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.22 per share. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, November 28th.
A number of other analysts have also recently weighed in on AEM. Analysts at Morgan Stanley upgraded shares of Agnico Eagle Mines to an “overweight” rating in a research note to investors on Tuesday, November 26th. Separately, analysts at Cowen and Company raised their price target on shares of Agnico Eagle Mines from C$22.91 to C$23.71 in a research note to investors on Friday, October 25th. They now have a “market perform” rating on the stock. Finally, analysts at Scotiabank upgraded shares of Agnico Eagle Mines from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$31.55.
Agnico-Eagle Mines Limited (TSE:AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States.
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