Shares of Agnico-Eagle Mines Limited (AEM) saw major gains on Tuesday. The stock traded up $3.38 or 5.31% for the day and last traded at $66.98. Approximately 3,453,136 shares changed hands during mid-day trading.
Separately, analysts at Jefferies reiterated a buy rating on shares of Agnico-Eagle Mines Limited in a research note to investors on Tuesday, March 29th. They now have a $90.00 price target on the stock. Also, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Agnico-Eagle Mines Limited from $45.00 to $50.00 in a research note to investors on Thursday, December 23rd. They now have an underweight rating 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. The Company operates through four segments: Canada, Europe, Latin America and the United States. The Quebec Region includes the LaRonde Mine, the LaRonde Mine extension project, the Goldex Mine and the Lapa Mine. The Companys operations in the European Region are conducted through its indirect subsidiary, Agnico-Eagle AB, which owns the Kittila Mine in Finland. The Companys operations in the Latin American Region are conducted through its subsidiary, Agnico Eagle Mexico S.A. de C.V., which owns the Pinos Altos Mine and the Creston Mascota deposit. The Nunavut Region is comprised of the Meadowbank Mine, which is held directly by the Company. In July 2010, the Company acquired the remaining interest in Comaplex Minerals Corp.
Agnico-Eagle Mines Limited has a 52 week low of $54.12 and a 52 week high of $88.20. The stocks 50-day moving average is $66.89 and its 200-day moving average is $72.69. The company has a market cap of $11.316 billion and a price-to-earnings ratio of 31.80.
Agnico-Eagle Mines Limited last announced its quarterly results on Thursday, February 17th. The company reported $0.55 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.62 EPS by $0.07. During the same quarter in the prior year, the company posted $0.32 earnings per share. The companys quarterly revenue was up 94.6% on a year-over-year basis. On average, analysts predict that Agnico-Eagle Mines Limited will post $0.61 EPS next quarter.