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 target price from analysts at Barclays in a report released on Friday,BayStreet.CA reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 19.58% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. TD Securities raised 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 report on Tuesday, February 17th. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. BMO Capital Markets raised their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Finally, Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$318.83.

Agnico Eagle Mines Stock Down 0.3%

TSE:AEM traded down C$0.76 during midday trading on Friday, reaching C$244.18. 249,862 shares of the stock traded hands, compared to its average volume of 978,629. The business has a 50-day moving average of C$273.52 and a two-hundred day moving average of C$267.11. The stock 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. Agnico Eagle Mines has a 12-month low of C$156.93 and a 12-month high of C$348.94. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.89 and a current ratio of 3.15.

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