Agnico Eagle Mines (TSE:AEM) Given New C$118.00 Price Target at Veritas Investment Research

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target increased by Veritas Investment Research from C$88.40 to C$118.00 in a report issued on Friday, BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. National Bankshares upped their price target on shares of Agnico Eagle Mines from C$84.00 to C$85.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. National Bank Financial reiterated an outperform overweight rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Cormark lowered their target price on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Stifel Nicolaus increased their target price on shares of Agnico Eagle Mines from C$91.00 to C$94.00 and gave the stock a buy rating in a research note on Friday, January 26th. Finally, TD Securities lowered their target price on shares of Agnico Eagle Mines to C$62.00 and set a buy rating on the stock in a research note on Wednesday, February 21st. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of C$87.25.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at C$84.67 on Friday. The stock has a market capitalization of C$42.19 billion, a P/E ratio of 15.65, a PEG ratio of 22.97 and a beta of 1.07. 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 firm’s 50 day moving average is C$73.02 and its 200 day moving average is C$69.78. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$88.27.

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

Agnico Eagle Mines Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.537 dividend. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 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.