Agnico Eagle Mines (TSE:AEM) PT Raised to C$105.00

Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM had its price target raised by Canaccord Genuity Group from C$92.00 to C$105.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other analysts have also recently commented on AEM. Stifel Nicolaus boosted their price target 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. National Bank Financial reiterated an outperform overweight rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Eight Capital boosted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a buy rating in a research note on Monday. TD Securities decreased their target price on shares of Agnico Eagle Mines to C$62.00 and set a buy rating on the stock in a research report on Wednesday, February 21st. Finally, Veritas Investment Research upped their target price on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of Buy and an average target price of C$97.50.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded up C$0.66 during mid-day trading on Tuesday, hitting C$85.96. The stock had a trading volume of 1,335,108 shares, compared to its average volume of 1,445,027. The firm has a market capitalization of C$42.83 billion, a P/E ratio of 15.89, a P/E/G ratio of 22.97 and a beta of 1.07. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The firm's 50 day moving average is C$75.80 and its 200 day moving average is C$70.86. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$88.27.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last announced its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The business had revenue of C$2.39 billion for 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, sell-side analysts forecast that Agnico Eagle Mines will post 3.4364596 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.537 dividend. This represents a $2.15 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines's dividend payout ratio (DPR) 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.