Agnico Eagle Mines (TSE:AEM) Given New C$105.00 Price Target at Eight Capital

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price lifted by Eight Capital from C$92.00 to C$105.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

AEM has been the topic of a number of other research reports. Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a buy rating in a report on Friday. TD Securities dropped their target price on shares of Agnico Eagle Mines to C$62.00 and set a buy rating on the stock in a research report on Wednesday, February 21st. National Bank Financial reissued an outperform overweight rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Cormark dropped their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Finally, National Bankshares reduced their target price on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an outperform rating for the company in a research note on Friday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of Buy and an average target price of C$95.75.

Agnico Eagle Mines Trading Down 2.9 %

TSE:AEM opened at C$85.30 on Monday. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The company’s 50 day moving average is C$75.30 and its 200-day moving average is C$70.69. The firm has a market cap of C$42.50 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 22.97 and a beta of 1.07. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$88.27.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.65 by C$0.13. The firm had revenue of C$2.39 billion for the quarter, compared to the consensus estimate of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. Equities analysts anticipate that Agnico Eagle Mines will post 3.4364596 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.537 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a yield of 2.52%. Agnico Eagle Mines’s payout ratio is currently 39.74%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.