Agnico Eagle Mines (TSE:AEM – Get Rating) (NYSE:AEM) had its price objective upped by equities researchers at National Bankshares from C$94.00 to C$99.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 22.43% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on AEM. JPMorgan Chase & Co. lowered their target price on shares of Agnico Eagle Mines from C$83.00 to C$77.00 in a report on Monday, February 28th. Canaccord Genuity Group decreased their price objective on Agnico Eagle Mines from C$90.00 to C$84.00 in a research note on Tuesday, March 1st. Raymond James set a C$66.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Friday, February 25th. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a report on Thursday, February 10th. They issued a “buy” rating and a C$98.00 price target on the stock. Finally, National Bank Financial raised shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research note on Thursday, January 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$92.36.
AEM traded down C$0.06 during trading hours on Wednesday, hitting C$80.86. The stock had a trading volume of 386,789 shares, compared to its average volume of 1,707,056. Agnico Eagle Mines has a 1 year low of C$58.02 and a 1 year high of C$89.95. The company’s fifty day simple moving average is C$74.69 and its 200 day simple moving average is C$68.83. The stock has a market cap of C$36.84 billion and a PE ratio of 28.98. The company has a quick ratio of 0.42, a current ratio of 1.71 and a debt-to-equity ratio of 28.37.
In related news, Senior Officer Marc Legault sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of C$72.21, for a total transaction of C$1,444,200.00. Following the transaction, the insider now directly owns 89,148 shares of the company’s stock, valued at approximately C$6,437,377.08. Also, Senior Officer Ammar Al-Joundi bought 3,200 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The stock was purchased at an average price of C$64.23 per share, with a total value of C$205,532.80. Following the transaction, the insider now directly owns 153,703 shares in the company, valued at C$9,872,189.99.
Agnico Eagle Mines Company Profile (Get Rating)
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.
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