Buybio2 who changed her username had a post explai
Post# of 9903
That new company is a subsidiary of AGNICO-EAGLE MINES LIMITED.
Agnico Eagle Mines Coverage Initiated by Analysts at Barclays (AEM)
Posted by Nolan Pearson on Jun 18th, 2014
Investment analysts at Barclays started coverage on shares of Agnico Eagle Mines (NYSE:AEM) in a note issued to investors on Tuesday. The firm set an “equal weight” rating and a $39.00 price target on the stock. Barclays’ price objective suggests a potential upside of 5.09% from the company’s current price.
A number of other analysts have also recently weighed in on AEM. Analysts at BMO Capital Markets upgraded shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $44.00 price target on the stock, up previously from $37.00. They noted that the move was a valuation call. Separately, analysts at Cowen and Company cut their price target on shares of Agnico Eagle Mines from $23.80 to $22.63 in a research note on Wednesday, May 28th. Finally, analysts at Zacks upgraded shares of Agnico Eagle Mines from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 28th. They now have a $36.00 price target on the stock. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $37.75.
Shares of Agnico Eagle Mines (NYSE:AEM) opened at 37.11 on Tuesday. Agnico Eagle Mines has a 52 week low of $23.77 and a 52 week high of $37.17. The stock’s 50-day moving average is $32.05 and its 200-day moving average is $30.48. The company’s market cap is $6.459 billion.
Agnico Eagle Mines (NYSE:AEM) last announced its earnings results on Thursday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that Agnico Eagle Mines will post $1.21 earnings per share 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.