Agnico Eagle Mines (TSE:AEM) Price Target Cut to C$104.00

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM had its target price cut by investment analysts at National Bankshares from C$105.00 to C$104.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective suggests a potential upside of 18.42% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. TD Securities reduced their price target 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. Cormark decreased their target price on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a "buy" rating in a research report on Friday. National Bank Financial reissued an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, Veritas Investment Research upped their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average price target of C$90.88.

Agnico Eagle Mines Stock Performance

Shares of TSE AEM traded up C$0.43 during midday trading on Friday, reaching C$87.82. The company had a trading volume of 874,297 shares, compared to its average volume of 1,442,870. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$88.27. The business'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 current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The stock has a market cap of C$43.76 billion, a P/E ratio of 16.23, a P/E/G ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last released its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) 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 the consensus estimate of C$2.04 billion. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%. On average, analysts forecast that Agnico Eagle Mines will post 3.4364596 earnings per share for the current fiscal year.

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.