National Bankshares Lowers Agnico Eagle Mines (TSE:AEM) Price Target to C$104.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target cut by National Bankshares from C$105.00 to C$104.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently commented on AEM. National Bank Financial reiterated an outperform overweight rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Cormark dropped their price objective on Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Veritas Investment Research increased their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a buy rating in a research report on Friday. Finally, TD Securities cut their price target on shares of Agnico Eagle Mines to C$62.00 and set a buy rating on the stock in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of C$95.75.

Agnico Eagle Mines Price Performance

TSE:AEM opened at C$85.30 on Friday. The firm has a market capitalization of C$42.50 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 22.97 and a beta of 1.07. The company has a debt-to-equity ratio of 10.32, a current ratio of 2.09 and a quick ratio of 0.89. The business has a 50 day simple moving average of C$75.30 and a 200-day simple moving average of C$70.69. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$88.27.

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

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.537 per share. This represents a $2.15 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 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.