Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) had its target price raised by investment analysts at Canaccord Genuity Group from C$92.00 to C$105.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 21.56% from the stock’s previous close.
Several other brokerages have also recently weighed in on AEM. National Bankshares decreased 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. Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday. Veritas Investment Research raised their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Eight Capital lifted their price target on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Cormark reduced their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of C$97.50.
View Our Latest Stock Analysis on AEM
Agnico Eagle Mines Stock Performance
Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share for the quarter, beating the consensus estimate of C$0.65 by C$0.13. Agnico Eagle Mines had a return on equity of 10.89% and a net margin of 29.29%. The business had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. Analysts predict that Agnico Eagle Mines will post 3.4364596 earnings per share for the current year.
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.
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