RBC Capital lowered shares of Agnico-Eagle Mines Limited (NYSE:AEM) from an outperform rating to a sector perform rating in a report released on Friday, TheFlyOnTheWall.com reports. RBC Capital currently has $31.00 price objective on the stock, down from their previous price objective of $38.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley upgraded shares of Agnico-Eagle Mines Limited from an equal weight rating to an overweight rating in a research note to investors on Tuesday, November 26th. They now have a $36.00 price target on the stock, up previously from $28.00. Separately, analysts at Zacks reiterated a neutral rating on shares of Agnico-Eagle Mines Limited in a research note to investors on Wednesday, November 20th. They now have a $29.00 price target on the stock. Finally, analysts at Salman Partners upgraded shares of Agnico-Eagle Mines Limited to a buy rating in a research note to investors on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $36.62.
Agnico-Eagle Mines Limited (NYSE:AEM) traded up 1.61% on Friday, hitting $25.86. 273,756 shares of the company’s stock traded hands. Agnico-Eagle Mines Limited has a one year low of $23.77 and a one year high of $54.84. The stock has a 50-day moving average of $27.82 and a 200-day moving average of $28.25. The company has a market cap of $4.485 billion and a price-to-earnings ratio of 34.02.
Agnico-Eagle Mines Limited (NYSE:AEM) last released its earnings data on Wednesday, October 23rd. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.26. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $369.26 million. During the same quarter last year, the company posted $0.77 earnings per share. Agnico-Eagle Mines Limited’s revenue was down 17.1% compared to the same quarter last year. Analysts expect that Agnico-Eagle Mines Limited will post $0.89 EPS for the current fiscal year.
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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