Credit Suisse Raises Agnico-Eagle Mines Limited to Outperform (AEM)

By admin | 6 years ago

Agnico-Eagle Mines Limited (NYSE: AEM) was upgraded by Credit Suisse (NYSE: CS) from a “neutral” rating to an “outperform” rating in a research note issued on Friday.

A number of other firms have also recently commented on AEM. Analysts at Zacks downgraded shares of Agnico-Eagle Mines Limited from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, April 18th. They now have a $31.00 price target on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of Agnico-Eagle Mines Limited in a research note to investors on Wednesday, March 28th. They set a “buy” rating and a $46.00 price target on the stock. Finally, analysts at Dundee upgraded shares of Agnico-Eagle Mines Limited from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, February 23rd.

Agnico-Eagle Mines Limited traded down 0.33% on Friday, hitting $39.23. Agnico-Eagle Mines Limited has a 52-week low of $31.42 and a 52-week high of $73.09. The company’s market cap is $6.701 billion.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.59 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.37 EPS by $0.22. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that Agnico-Eagle Mines Limited will post $0.44 EPS next quarter.

Agnico-Eagle Mines Limited (Agnico-Eagle) is a 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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