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

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective lowered by analysts at Stifel Nicolaus from C$350.00 to C$310.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 62.43% from the company’s current price.

A number of other research analysts also recently weighed in on AEM. Erste Group Bank downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. JPMorgan Chase & Co. decreased their price objective on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Barclays lowered their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. Finally, National Bank Financial decreased their price target on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of C$295.33.

Agnico Eagle Mines Stock Down 1.1%

TSE:AEM traded down C$2.05 during trading hours on Friday, reaching C$190.85. The company had a trading volume of 350,082 shares, compared to its average volume of 1,015,049. Agnico Eagle Mines has a twelve month low of C$161.45 and a twelve month 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 firm has a market cap of C$95.61 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 22.97 and a beta of 1.84. The business’s 50-day simple moving average is C$232.93 and its two-hundred day simple moving average is C$264.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. The firm 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%. On average, equities analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current 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.