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Buybio2 who changed her username had a post explai

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Post# of 9903
Posted On: 06/20/2014 1:30:28 PM
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Posted By: energy_wave
Re: ximon #4263
Buybio2 who changed her username had a post explaining the share exchange. Novamex had debt to recover and the only way was a share exchange of some sort.

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

agnico-eagle-mines-limited-logo.jpg

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.



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