Stifel Nicolaus Raises Agnico Eagle Mines (TSE:AEM) Price Target to C$104.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target raised by Stifel Nicolaus from C$94.00 to C$104.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on AEM. Veritas Investment Research boosted their target price 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 research note on Tuesday, February 20th. National Bank Financial restated an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. National Bankshares boosted their target price on Agnico Eagle Mines from C$84.00 to C$85.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Finally, TD Securities dropped their price target on Agnico Eagle Mines to C$62.00 and set a buy rating for the company in a research note on Wednesday, February 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Agnico Eagle Mines has an average rating of Buy and an average target price of C$95.75.

Agnico Eagle Mines Price Performance

TSE:AEM opened at C$85.30 on Friday. The stock has a market cap of C$42.50 billion, a PE ratio of 15.77, a P/E/G ratio of 22.97 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The business’s 50-day simple moving average is C$75.30 and its two-hundred day simple moving average is C$70.69. Agnico Eagle Mines has a 52 week low of C$59.36 and a 52 week high of C$88.27.

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, beating the consensus estimate 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 company had revenue of C$2.39 billion for the quarter, compared to the consensus estimate of C$2.04 billion. As a group, analysts forecast that Agnico Eagle Mines will post 3.4364596 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.537 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.15 annualized dividend and a yield of 2.52%. 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.