Agnico-Eagle Mines Limited (NYSE:AEM) was upgraded by stock analysts at Dundee Securities to a “neutral” rating in a report issued on Monday, Stock Ratings Network reports.
Agnico-Eagle Mines Limited (NYSE:AEM) traded down 0.97% on Monday, hitting $26.67. The stock had a trading volume of 602,597 shares. Agnico-Eagle Mines Limited has a 52 week low of $25.00 and a 52 week high of $57.35. The stock has a 50-day moving average of $29.23 and a 200-day moving average of $31.96. The company has a market cap of $4.612 billion and a P/E ratio of 24.62.
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.
AEM has been the subject of a number of other recent research reports. 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. Separately, analysts at Desjardins initiated coverage on shares of Agnico-Eagle Mines Limited (NYSE:AEM) in a research note to investors on Thursday, August 15th. They set a “hold” rating on the stock. Finally, analysts at Salman Partners downgraded shares of Agnico-Eagle Mines Limited (NYSE:AEM) to a “hold” rating in a research note to investors on Friday, July 26th.
One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.42.
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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