Agnico Eagle Mines (TSE:AEM) Given New C$104.00 Price Target at National Bankshares

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price cut by National Bankshares from C$105.00 to C$104.00 in a research note published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a buy rating in a research note on Friday. National Bank Financial restated an outperform overweight rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities cut their price objective on shares of Agnico Eagle Mines to C$62.00 and set a buy rating on the stock in a research note on Wednesday, February 21st. Veritas Investment Research increased their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Finally, Cormark cut their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of Buy and a consensus target price of C$90.88.

Agnico Eagle Mines Trading Up 0.5 %

TSE AEM opened at C$87.82 on Friday. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The firm has a market cap of C$43.76 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. The company has a 50 day moving average price of C$74.86 and a 200 day moving average price of C$70.37. Agnico Eagle Mines has a 52 week low of C$59.36 and a 52 week high of C$88.27.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.65 by C$0.13. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. The firm had revenue of C$2.39 billion during the quarter, compared to analyst estimates of C$2.04 billion. As a group, sell-side analysts forecast that Agnico Eagle Mines will post 3.4364596 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.537 per share. This represents a $2.15 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 39.74%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.