Agnico Eagle Mines Ltd (USA) (NYSE:AEM) a Hold: Barclays

In a research note issued to investors, Farooq Hamed at Barclays Reiterated their Hold rating on Agnico Eagle Mines Ltd (USA) (NYSE:AEM). The analyst placed a $34.00 price target on the stock which indicates a 5.69% upside to the last closing price. In the year following Farooq’s ratings, the stocks covered yield an average return of -5.3% according to In the past year 10 out of 32 recommendations or 31% were successful.

Wall Street analysts have placed a target price of $39.546 for Agnico Eagle Mines Limited (NYSE:AEM). This number is based on the mean consensus estimate from the 13 research firms that recently issued reports on the stock.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock ranked 1.54 based on 13 broker recommendations. Of the 13 analysts who have issued estimates, the most bullish sees the stock reaching $48 within the next 12 months while the most conservative sees the stock at $31.6 within the year.

According to analysts, Agnico Eagle Mines Limited (NYSE:AEM) is expected to report earnings per share for the current fiscal quarter of $0.13. This is the consensus mean estimate based on the individual covering sell-side analysts\’ reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.11. The reported number was 0 away from the consensus estimate, or a surprise factor of 0 .

In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $0.59. The high end estimate for this time frame is $1.42 with the low being $0.2.

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. The Company operates in four segments: Canada, Europe, Latin America and Exploration. The Company’s mines and mine projects include LaRonde mine, Lapa mine, Goldex mine project, Kittila mine, Pinos Altos mine, La India mine project and Meadowbank mine. Effective March 22, 2013, the Company acquired a 9.271% interest in Atac Resources Ltd. In April 2013, it acquired an 11.074% stake in Sulliden Gold Corp Ltd. In May 2013, it acquired the entire share capital of Urastar Gold Corp.