Agnico Eagle Mines (TSE:AEM) Given a C$350.00 Price Target by National Bank Financial Analysts

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) has been given a C$350.00 target price by analysts at National Bank Financial in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 38.75% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Erste Group Bank cut 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 increased their price objective on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Barclays set a C$292.00 price objective on shares of Agnico Eagle Mines and gave the stock an “overweight” rating in a research note on Friday. TD Securities increased their price objective on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus increased their price objective on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$318.83.

Agnico Eagle Mines Stock Performance

AEM stock traded up C$9.31 during midday trading on Monday, reaching C$252.25. 175,617 shares of the company’s stock traded hands, compared to its average volume of 972,801. Agnico Eagle Mines has a 52-week low of C$156.93 and a 52-week high of C$348.94. The stock has a market cap of C$126.13 billion, a P/E ratio of 23.75, a PEG ratio of 22.97 and a beta of 1.87. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average is C$272.33 and its 200 day moving average is C$267.21.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. The business had revenue of C$5.70 billion during the quarter. As a group, analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current 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.