GARP Research Reaffirms Buy Rating on Agnico-Eagle Mines Limited (AEM)

By admin | 6 years ago

Agnico-Eagle Mines Limited (NYSE: AEM)‘s stock had its “buy” rating reiterated by investment analysts at GARP Research in a note issued to investors on Monday.

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.

AEM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Agnico-Eagle Mines Limited from $41.00 to $44.00 in a research note to investors on Sunday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of Agnico-Eagle Mines Limited from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. Finally, 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.

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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