Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$105.00 at Eight Capital

Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM had its target price lifted by Eight Capital from C$92.00 to C$105.00 in a research note published on Monday, BayStreet.CA reports. Eight Capital currently has a buy rating on the stock.

AEM has been the subject of several other reports. Stifel Nicolaus lifted their target price on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a buy rating in a research note on Friday. Veritas Investment Research lifted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Cormark decreased their price target on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. TD Securities reduced their target price on shares of Agnico Eagle Mines to C$62.00 and set a buy rating on the stock in a report on Wednesday, February 21st. Finally, National Bank Financial restated an outperform overweight rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of C$95.75.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down C$2.52 during mid-day trading on Monday, reaching C$85.30. The company had a trading volume of 1,713,763 shares, compared to its average volume of 1,446,391. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$88.27. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. The company has a market capitalization of C$42.50 billion, a P/E ratio of 15.77, a P/E/G ratio of 22.97 and a beta of 1.07. The stock's 50-day simple moving average is C$74.86 and its 200-day simple moving average is C$70.52.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, topping analysts' consensus estimates of C$0.65 by C$0.13. The business had revenue of C$2.39 billion during the quarter, compared to analysts' expectations of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. On average, equities analysts predict that Agnico Eagle Mines will post 3.4364596 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.537 dividend. This represents a $2.15 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines's payout ratio is currently 39.74%.

Agnico Eagle Mines Company Profile

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.