Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by Jefferies Financial Group

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. Barclays set a C$292.00 price objective on Agnico Eagle Mines and gave the company an “overweight” rating in a research note on Friday, May 22nd. BMO Capital Markets boosted their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a report on Wednesday, April 22nd. Finally, National Bank Financial set a C$350.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus price target of C$318.83.

Agnico Eagle Mines Trading Down 2.4%

AEM stock traded down C$5.35 during mid-day trading on Monday, hitting C$215.03. 88,381 shares of the company were exchanged, compared to its average volume of 1,018,042. 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 capitalization of C$107.73 billion, a P/E ratio of 20.25, a PEG ratio of 22.97 and a beta of 1.84. The business has a fifty day simple moving average of C$241.54 and a 200-day simple moving average of C$267.04. Agnico Eagle Mines has a 12-month low of C$157.68 and a 12-month high of C$348.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. The business had revenue of C$5.70 billion during the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. On average, equities research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal 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.