Shares of Agnico Eagle Mines (NYSE:AEM) have earned a consensus rating of “Buy” from the twenty-one analysts that are covering the company, AnalystRatingsNetwork.com reports. Four investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $39.91.
Shares of Agnico Eagle Mines (NYSE:AEM) opened at 41.17 on Thursday. Agnico Eagle Mines has a 1-year low of $23.77 and a 1-year high of $42.04. The stock has a 50-day moving average of $36.80 and a 200-day moving average of $32.66. The company’s market cap is $7.166 billion. Agnico Eagle Mines also was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 4,175,011 shares, a drop of 46.3% from the June 13th total of 7,775,449 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 2,333,564 shares, the days-to-cover ratio is currently 1.8 days.
Agnico Eagle Mines (NYSE:AEM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.41. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $438.30 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that Agnico Eagle Mines will post $1.26 EPS for the current fiscal year.
A number of analysts have recently weighed in on AEM shares. Analysts at Credit Suisse raised their price target on shares of Agnico Eagle Mines from $48.00 to $50.00 in a research note on Thursday, July 17th. Separately, analysts at Raymond James raised their price target on shares of Agnico Eagle Mines from $39.00 to $44.00 in a research note on Monday, July 14th. Finally, analysts at Sterne Agee reiterated a “positive” rating on shares of Agnico Eagle Mines in a research note on Thursday, July 10th.
Agnico Eagle Mines Limited (NYSE:AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States.
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