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Agnico-Eagle Mines Limited (NYSE: AEM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Thursday, Stock Ratings Network reports. The firm currently has a $29.00 price target on the stock. Zacks‘ price objective suggests a potential upside of 4.05% from the stock’s previous close.
Agnico-Eagle Mines Limited (NYSE: AEM) traded up 3.18% on Thursday, hitting $27.87. 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 $29.31. The company has a market cap of $4.804 billion and a price-to-earnings ratio of 18.14.
Agnico-Eagle Mines Limited (NYSE: AEM) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.01. The company had revenue of $423.20 million for the quarter, compared to the consensus estimate of $407.81 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Analysts expect that Agnico-Eagle Mines Limited will post $1.04 EPS for the current fiscal year.
A number of other firms have also recently commented on AEM. Analysts at UBS AG downgraded shares of Agnico-Eagle Mines Limited from a “buy” rating to a “neutral” rating in a research note to investors on Friday, June 21st. Separately, analysts at Credit Suisse raised their price target on shares of Agnico-Eagle Mines Limited from $50.00 to $51.00 in a research note to investors on Wednesday, May 8th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Agnico-Eagle Mines Limited from $45.00 to $40.00 in a research note to investors on Tuesday, April 30th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.89.
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.Image may be NSFW.
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