RBC raises price target to $69
RBC Capital Raises Price Target on Agnico-Eagle Mines Limited (AEM)
Posted by Seth Barnet on Oct 26th, 2012 // No Comments
Agnico-Eagle Mines Limited (NYSE: AEM) had its price target raised by RBC Capital to $69.00 in a research note released on Friday morning.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mackie downgraded shares of Agnico-Eagle Mines Limited to a hold rating in a research note to investors on Friday. Separately, analysts at CIBC upgraded shares of Agnico-Eagle Mines Limited to an underperform rating in a research note to investors on Friday. Finally, analysts at Scotia Capital raised their price target on shares of Agnico-Eagle Mines Limited from $65.00 to $65.50 in a research note to investors on Thursday. They now have an outperform rating on the stock.
Agnico-Eagle Mines Limited traded down 0.75% on Friday, hitting $55.94. Agnico-Eagle Mines Limited has a 1-year low of $31.42 and a 1-year high of $56.40. The company’s market cap is $9.611 billion.
Agnico-Eagle Mines Limited last released its earnings data on Wednesday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.37. The company’s revenue for the quarter was up 4.3% on a year-over-year basis.
Agnico-Eagle Mines Limited (Agnico-Eagle) 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.