Barclays Upgrades Agnico Eagle Mines (TSE:AEM) to “Strong-Buy”

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by Barclays to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

AEM has been the subject of several other reports. National Bank Financial lifted their price objective on Agnico Eagle Mines from C$345.00 to C$350.00 and gave the company a “sector outperform” rating in a report on Monday, May 4th. TD Securities increased their target price on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. BMO Capital Markets boosted their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of C$318.83.

Agnico Eagle Mines Stock Down 0.8%

Shares of TSE:AEM opened at C$242.94 on Thursday. The business’s 50 day moving average is C$272.33 and its 200 day moving average is C$266.94. The stock has a market cap of C$121.48 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a 52-week low of C$156.93 and a 52-week high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 3.15 and a debt-to-equity ratio of 1.21.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.The business had revenue of C$5.70 billion during the quarter. Sell-side analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.