Stock analysts at BMO Capital Markets lowered their target price on shares of Agnico-Eagle Mines Limited (NYSE: AEM) from $45.00 to $33.00 in a report issued on Monday, ARN reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 16.65% from the company’s current price.
A number of other analysts have also recently weighed in on AEM. Analysts at Dundee Securities downgraded shares of Agnico-Eagle Mines Limited from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, July 9th. Separately, analysts at Scotiabank downgraded shares of Agnico-Eagle Mines Limited from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, July 8th. Finally, analysts at Zacks upgraded shares of Agnico-Eagle Mines Limited from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, July 4th. They now have a $29.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.63.
Agnico-Eagle Mines Limited (NYSE: AEM) opened at 28.29 on Monday. 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 currently $29.08. The company has a market cap of $4.877 billion and a price-to-earnings ratio of 19.00.
Agnico-Eagle Mines Limited (NYSE: AEM) last announced its earnings results on Thursday, April 25th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.01. The company had revenue of $423.20 million for the quarter, compared to the consensus estimate of $407.81 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. On average, analysts predict that Agnico-Eagle Mines Limited will post $1.01 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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