Barclays Cuts Agnico Eagle Mines (TSE:AEM) Price Target to C$266.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price lowered by Barclays from C$298.00 to C$266.00 in a report published on Thursday,BayStreet.CA reports.

A number of other research analysts have also recently commented on AEM. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. National Bank Financial decreased their price target on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research note on Monday, May 4th. BMO Capital Markets upped 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, Erste Group Bank downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of C$295.33.

Agnico Eagle Mines Trading Down 0.5%

Shares of AEM opened at C$191.93 on Thursday. The stock’s 50-day moving average is C$231.48 and its two-hundred day moving average is C$264.37. The stock has a market cap of C$95.97 billion, a PE ratio of 18.07, a P/E/G ratio of 22.97 and a beta of 1.84. Agnico Eagle Mines has a 12 month low of C$161.45 and a 12 month high of C$348.94. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89.

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 company had revenue of C$5.70 billion during the quarter. Equities analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, June 1st. Agnico Eagle Mines’s payout ratio is 15.54%.

About Agnico Eagle Mines

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.