Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by Jefferies Financial Group

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also weighed in on AEM. JPMorgan Chase & Co. cut their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a research note on Thursday, April 23rd. National Bank Financial set a C$350.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, May 25th. Barclays set a C$292.00 price target on shares of Agnico Eagle Mines and gave the stock an “overweight” rating in a report on Friday, May 22nd. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Finally, Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$318.83.

Agnico Eagle Mines Stock Down 2.4%

AEM traded down C$5.35 on Monday, hitting C$215.03. 88,381 shares of the company were exchanged, compared to its average volume of 1,018,042. The firm has a 50-day moving average price of C$241.54 and a two-hundred day moving average price of C$267.04. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21. Agnico Eagle Mines has a twelve month low of C$157.68 and a twelve month high of C$348.94. The company has a market cap of C$107.73 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 22.97 and a beta of 1.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share (EPS) for the quarter. The company had revenue of C$5.70 billion for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%. On average, equities analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.