Agnico-Eagle Mines Limited (NYSE:AEM) was downgraded by investment analysts at Salman Partners to a “hold” rating in a note issued to investors on Friday, Stock Ratings Network reports.
Shares of Agnico-Eagle Mines Limited (NYSE: AEM) opened at 28.93 on Friday. Agnico-Eagle Mines Limited has a 52 week low of $25.00 and a 52 week high of $57.35. The stock’s 50-day moving average is currently $28.35. The company has a market cap of $5.014 billion and a P/E ratio of 26.44.
Agnico-Eagle Mines Limited (NYSE:AEM) last announced its earnings results on Wednesday, July 24th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.11. The company had revenue of $336.40 million for the quarter, compared to the consensus estimate of $360.07 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 26.8% on a year-over-year basis. Analysts expect that Agnico-Eagle Mines Limited will post $0.55 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AEM. Analysts at Barclays Capital cut their price target on shares of Agnico-Eagle Mines Limited from $39.00 to $37.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Macquarie upgraded shares of Agnico-Eagle Mines Limited from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at TD Securities downgraded shares of Agnico-Eagle Mines Limited from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 24th.
Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Agnico-Eagle Mines Limited currently has a consensus rating of “Hold” and an average target price of $40.15.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, August 29th.
Agnico-Eagle Mines Limited (NYSE: AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States.
