Investment analysts at Goldman Sachs Group Inc. initiated coverage on shares of Agnico-Eagle Mines Limited (NYSE:AEM) in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm set a “neutral” rating on the stock.
AEM has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a “hold” rating on shares of Agnico-Eagle Mines Limited (NYSE:AEM) in a research note to investors on Thursday. They now have a $31.00 price target on the stock. Separately, analysts at Dundee Securities upgraded shares of Agnico-Eagle Mines Limited (NYSE:AEM) to a “neutral” rating in a research note to investors on Monday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Agnico-Eagle Mines Limited (NYSE:AEM) in a research note to investors on Monday, September 2nd. They now have a $32.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Agnico-Eagle Mines Limited currently has an average rating of “Hold” and an average target price of $38.33.
Agnico-Eagle Mines Limited (NYSE:AEM) opened at 28.72 on Friday. Agnico-Eagle Mines Limited has a 52 week low of $25.00 and a 52 week high of $57.35. The stock’s 50-day moving average is $29.15 and its 200-day moving average is $31.59. The company has a market cap of $4.966 billion and a price-to-earnings ratio of 26.25.
Agnico-Eagle Mines Limited (NYSE:AEM) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.11. The company had revenue of $336.40 million for the quarter, compared to the consensus estimate of $360.07 million. During the same quarter last year, the company posted $0.40 earnings per share. Agnico-Eagle Mines Limited’s revenue was down 26.8% compared to the same quarter last year. On average, analysts predict that Agnico-Eagle Mines Limited will post $0.49 earnings per share for the current fiscal year.
Agnico-Eagle Mines Limited (NYSE: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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