Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by Barclays

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

AEM has been the subject of a number of other reports. TD Securities boosted their price objective on Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Stifel Nicolaus boosted their price objective on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. National Bank Financial boosted 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 research report on Monday, May 4th. JPMorgan Chase & Co. cut their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. Finally, Erste Group Bank cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$318.83.

Agnico Eagle Mines Stock Down 0.8%

Agnico Eagle Mines stock opened at C$242.94 on Thursday. The stock has a market capitalization of C$121.48 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a 12 month low of C$156.93 and a 12 month high of C$348.94. The business has a 50 day simple moving average of C$272.33 and a 200-day simple moving average of C$266.94. 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 posted its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. The business had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%. On average, analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

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.