Eight Capital Boosts Agnico Eagle Mines (TSE:AEM) Price Target to C$105.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price raised by Eight Capital from C$92.00 to C$105.00 in a report published on Monday morning, BayStreet.CA reports. Eight Capital currently has a buy rating on the stock.

Several other analysts also recently commented on the company. TD Securities reduced their target price on Agnico Eagle Mines to C$62.00 and set a buy rating for the company in a research note on Wednesday, February 21st. National Bank Financial restated an outperform overweight rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. National Bankshares reduced their target price on 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, April 19th. Cormark dropped their price target on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research report on Tuesday, February 20th. Finally, Veritas Investment Research raised their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Agnico Eagle Mines has an average rating of Buy and a consensus price target of C$97.50.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at C$88.72 on Monday. The company has a current ratio of 2.09, a quick ratio of 0.89 and a debt-to-equity ratio of 10.32. The business has a 50-day moving average price of C$76.32 and a two-hundred day moving average price of C$70.98. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$89.43. The company has a market cap of C$44.21 billion, a P/E ratio of 16.40, a PEG ratio of 22.97 and a beta of 1.07.

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 for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The firm 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%. As a group, analysts anticipate that Agnico Eagle Mines will post 3.4364596 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.537 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.42%. Agnico Eagle Mines’s dividend payout ratio (DPR) 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.