Agnico Eagle Mines (TSE:AEM) Given a C$292.00 Price Target at Barclays

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) received a C$292.00 price objective from equities research analysts at Barclays in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 19.58% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. 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. BMO Capital Markets upped their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. National Bank Financial upped their price target on shares of Agnico Eagle Mines from C$345.00 to C$350.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 4th. 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. Finally, TD Securities upped their price target on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$318.83.

Agnico Eagle Mines Trading Down 0.3%

AEM stock traded down C$0.76 during mid-day trading on Friday, reaching C$244.18. The company had a trading volume of 249,862 shares, compared to its average volume of 978,629. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89. The company has a market capitalization of C$122.10 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 22.97 and a beta of 1.87. The firm has a 50 day moving average of C$273.52 and a 200 day moving average of C$267.11. Agnico Eagle Mines has a 12 month low of C$156.93 and a 12 month high of C$348.94.

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