Stifel Nicolaus Cuts Agnico Eagle Mines (TSE:AEM) Price Target to C$310.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective decreased by Stifel Nicolaus from C$350.00 to C$310.00 in a report published on Friday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on the stock. 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. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. cut their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a research report on Thursday, April 23rd. National Bank Financial reduced their target price on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, Barclays reduced their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$295.33.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$191.93 on Friday. Agnico Eagle Mines has a 52-week low of C$161.45 and a 52-week high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 3.15 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of C$231.48 and a 200-day simple moving average of C$264.58. The company has a market capitalization of C$95.97 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 22.97 and a beta of 1.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data 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 firm had revenue of C$5.70 billion for the quarter. On average, equities research analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 0.9%. Agnico Eagle Mines’s payout ratio is presently 15.54%.

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.