Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$86.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price lifted by JPMorgan Chase & Co. from C$84.00 to C$86.00 in a research report report published on Monday morning, Analyst Price Targets reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

AEM has been the subject of several other reports. Cormark lifted their target price on shares of Agnico Eagle Mines to C$122.00 and gave the company an outperform rating in a research report on Wednesday, February 17th. Raymond James lifted their price target on shares of Agnico Eagle Mines to C$115.00 and gave the stock an outperform rating in a research note on Wednesday, February 17th. Eight Capital decreased their price target on shares of Agnico Eagle Mines from C$140.00 to C$125.00 and set a na rating on the stock in a research note on Tuesday, April 20th. Royal Bank of Canada reissued a sector perform rating and set a C$81.00 price target on shares of Agnico Eagle Mines in a research note on Friday, April 30th. Finally, National Bank Financial cut their price target on shares of Agnico Eagle Mines to C$97.00 and set an outperform rating on the stock in a report on Friday, April 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of C$99.33.

AEM stock opened at C$81.66 on Monday. The firm has a 50 day moving average of C$77.18 and a 200-day moving average of C$86.53. The company has a current ratio of 2.30, a quick ratio of 0.34 and a debt-to-equity ratio of 29.58. Agnico Eagle Mines has a 12 month low of C$69.14 and a 12 month high of C$117.35. The firm has a market capitalization of C$19.85 billion and a P/E ratio of 24.25.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, February 11th. The company reported C$0.87 EPS for the quarter, beating analysts’ consensus estimates of C$0.86 by C$0.01. The firm had revenue of C$1.21 billion during the quarter, compared to the consensus estimate of C$1.20 billion. Sell-side analysts predict that Agnico Eagle Mines will post 0.6589269 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 22nd. Shareholders of record on Monday, March 1st were paid a $0.447 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $1.79 dividend on an annualized basis and a yield of 2.19%. Agnico Eagle Mines’s payout ratio is 32.66%.

In other Agnico Eagle Mines news, Senior Officer Jean Robitaille purchased 761 shares of the stock in a transaction on Monday, March 15th. The stock was acquired at an average price of C$74.36 per share, with a total value of C$56,587.96. Following the completion of the acquisition, the insider now owns 73,000 shares in the company, valued at C$5,428,280. In the last ninety days, insiders have purchased 16,361 shares of company stock worth $1,224,658.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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