TheStreet has also modified their ratings on a number of other basic materials stocks in the few days. The firm downgraded shares of eLong, Inc. from a hold rating to a sell rating. Also, TheStreet downgraded shares of Fuel Tech Inc. from a buy rating to a hold rating. Finally, TheStreet upgraded shares of Foster Wheeler AG from a hold rating to a buy rating.
AEM has been the subject of a number of other recent research reports. Analysts at Raymond James reiterated an outperform rating on shares of Agnico Eagle Mines in a research note on Monday, May 5th. They now have a $39.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Agnico Eagle Mines from $36.00 to $37.00 in a research note on Monday, May 5th. They now have an overweight rating on the stock. Finally, analysts at Scotiabank reiterated a sector outperform rating on shares of Agnico Eagle Mines in a research note on Friday, May 2nd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $36.68.
Agnico Eagle Mines (NYSE:AEM) opened at 32.35 on Thursday. Agnico Eagle Mines has a 52-week low of $23.77 and a 52-week high of $35.46. The stock’s 50-day moving average is $30.90 and its 200-day moving average is $29.94. The company’s market cap is $5.631 billion.
Agnico Eagle Mines (NYSE:AEM) last released its earnings data on Thursday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.41. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $438.30 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that Agnico Eagle Mines will post $1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, May 29th.
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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