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 price objective by investment analysts at National Bank Financial in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 38.75% from the company’s previous close.

Several other analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Barclays set a C$292.00 price objective on shares of Agnico Eagle Mines and gave the company an “overweight” rating in a report on Friday. TD Securities boosted their target price on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of C$318.83.

Agnico Eagle Mines Stock Performance

TSE:AEM traded up C$9.31 during trading hours on Monday, hitting C$252.25. 175,617 shares of the company were exchanged, compared to its average volume of 972,801. The stock has a market capitalization of C$126.13 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a 52-week low of C$156.93 and a 52-week high of C$348.94. 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’s 50 day moving average price is C$272.33 and its 200-day moving average price is C$267.21.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. The company 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%. As a group, research analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current 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.