Agnico Eagle Mines (TSE:AEM) PT Raised to C$104.00 at Stifel Nicolaus

Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM had its target price raised by Stifel Nicolaus from C$94.00 to C$104.00 in a report published on Friday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on AEM. TD Securities dropped their target price on shares of Agnico Eagle Mines to C$62.00 and set a buy rating for the company in a research report on Wednesday, February 21st. National Bank Financial reiterated an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Cormark lowered their price target on Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. National Bankshares upped their price objective on Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. Finally, Veritas Investment Research raised their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of C$90.88.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded up C$0.43 on Friday, reaching C$87.82. The company's stock had a trading volume of 874,297 shares, compared to its average volume of 1,442,870. The company has a market capitalization of C$43.76 billion, a P/E ratio of 16.23, a PEG ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a 12-month low of C$59.36 and a 12-month high of C$88.27. The stock's 50 day simple moving average is C$74.86 and its 200-day simple moving average is C$70.37. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating the consensus estimate of C$0.65 by C$0.13. The firm had revenue of C$2.39 billion for the quarter, compared to analysts' expectations of C$2.04 billion. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%. As a group, equities analysts predict that Agnico Eagle Mines will post 3.4364596 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 annualized dividend and a dividend yield of 2.45%. Agnico Eagle Mines's dividend payout ratio is currently 39.74%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.