National Bank Financial Has Lowered Expectations for Agnico Eagle Mines (TSE:AEM) Stock Price

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price decreased by equities research analysts at National Bank Financial from C$350.00 to C$275.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 35.03% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Barclays set a C$292.00 target price on shares of Agnico Eagle Mines and gave the company an “overweight” rating in a research note on Friday, May 22nd. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Erste Group Bank downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. BMO Capital Markets boosted their price objective on Agnico Eagle Mines from C$350.00 to C$370.00 in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus target price of C$306.33.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock traded up C$0.38 during mid-day trading on Tuesday, reaching C$203.66. 342,440 shares of the stock were exchanged, compared to its average volume of 1,017,301. Agnico Eagle Mines has a fifty-two week low of C$160.76 and a fifty-two week high of C$348.94. The company has a market cap of C$102.03 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 22.97 and a beta of 1.84. The firm has a 50-day simple moving average of C$236.19 and a 200 day simple moving average of C$265.92. The company has a current ratio of 3.15, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 EPS 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, sell-side analysts predict that Agnico Eagle Mines will post 5.4966052 EPS 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.