Agnico Eagle Mines (TSE:AEM) Price Target Increased to C$118.00 by Analysts at Veritas Investment Research

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price raised by Veritas Investment Research from C$88.40 to C$118.00 in a research note issued on Friday, BayStreet.CA reports. Veritas Investment Research’s price objective would indicate a potential upside of 38.68% from the stock’s previous close.

AEM has been the topic of several other research reports. National Bankshares increased their price target 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. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Cormark cut their price target on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. TD Securities cut their price target on 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 reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$87.25.

Agnico Eagle Mines Price Performance

AEM traded up C$0.72 on Friday, reaching C$85.09. The stock had a trading volume of 1,150,810 shares, compared to its average volume of 1,450,574. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$88.27. The firm has a 50-day moving average of C$72.23 and a 200-day moving average of C$69.38. 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 company has a market capitalization of C$42.40 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%. The business had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. As a group, sell-side analysts anticipate that Agnico Eagle Mines will post 3.5183946 EPS for the current 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.