Agnico-Eagle Mines Limited (NYSE:AEM) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on AEM. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Agnico-Eagle Mines Limited in a research note to investors on Friday, September 20th. They set a “neutral” rating on the stock. Separately, analysts at CIBC reiterated a “hold” rating on shares of Agnico-Eagle Mines Limited in a research note to investors on Thursday, September 19th. They now have a $31.00 price target on the stock. Finally, analysts at Dundee Securities upgraded shares of Agnico-Eagle Mines Limited to a “neutral” rating in a research note to investors on Monday, September 16th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.56.
Agnico-Eagle Mines Limited (NYSE:AEM) traded up 0.44% on Thursday, hitting $25.04. The stock had a trading volume of 268,405 shares. Agnico-Eagle Mines Limited has a 52 week low of $24.21 and a 52 week high of $57.35. The stock has a 50-day moving average of $28.13 and a 200-day moving average of $30.14. The company has a market cap of $4.330 billion and a price-to-earnings ratio of 22.79.
Agnico-Eagle Mines Limited (NYSE:AEM) last announced its 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 $0.51 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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