Salman Partners upgraded shares of Agnico-Eagle Mines Limited (NYSE:AEM) to a buy rating in a research note issued to investors on Friday, American Banking News.com reports.
Agnico-Eagle Mines Limited (NYSE:AEM) traded down 4.18% during mid-day trading on Friday, hitting $30.05. The stock had a trading volume of 2,186,117 shares. Agnico-Eagle Mines Limited has a one year low of $25.00 and a one year high of $57.35. The stock’s 50-day moving average is $29.23 and its 200-day moving average is $31.96. The company has a market cap of $5.221 billion and a P/E ratio of 41.93.
Agnico-Eagle Mines Limited (NYSE:AEM) last released its earnings data on Wednesday, October 23rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.26. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $369.26 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, analysts predict that Agnico-Eagle Mines Limited will post $0.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, November 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC upgraded shares of Agnico-Eagle Mines Limited from a sector perform rating to an outperform rating in a research note to investors on Friday. They now have a $37.00 price target on the stock, up previously from $31.00. Separately, analysts at Desjardins upgraded shares of Agnico-Eagle Mines Limited from a hold rating to a buy rating in a research note to investors on Thursday, October 24th. Finally, analysts at BMO Capital Markets upgraded shares of Agnico-Eagle Mines Limited from a market perform rating to an outperform rating in a research note to investors on Thursday, October 24th. They now have a $35.00 price target on the stock, up previously from $32.00. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $38.02.
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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