Agnico Eagle Mines (TSE:AEM – Free Report) (NYSE:AEM) had its target price hoisted by Veritas Investment Research from C$88.40 to C$118.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.
AEM has been the topic of several other research reports. TD Securities reduced their price target 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 restated an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. National Bankshares boosted their price objective on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the company an outperform rating in a research report on Tuesday, February 20th. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the company a buy rating in a research report on Friday, January 26th. Finally, Cormark cut their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of Buy and a consensus target price of C$87.25.
Get Our Latest Stock Analysis on AEM
Agnico Eagle Mines Price Performance
Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.65 by C$0.13. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. The company had revenue of C$2.39 billion for the quarter, compared to analysts’ expectations of C$2.04 billion. On average, equities analysts anticipate that Agnico Eagle Mines will post 3.4364596 EPS for the current fiscal year.
Agnico Eagle Mines Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.537 dividend. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is presently 39.74%.
Agnico Eagle Mines Company Profile
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.
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