Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$96.00 at Canaccord Genuity Group

Agnico Eagle Mines (TSE:AEMGet Rating) (NYSE:AEM) had its price target increased by investment analysts at Canaccord Genuity Group from C$84.00 to C$96.00 in a report released on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 26.35% from the stock’s previous close.

Several other research firms have also recently commented on AEM. Raymond James set a C$66.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Friday, February 25th. National Bankshares lifted their price objective on Agnico Eagle Mines from C$94.00 to C$99.00 in a research note on Wednesday. Eight Capital lifted their price objective on Agnico Eagle Mines from C$100.00 to C$105.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on Agnico Eagle Mines from C$83.00 to C$77.00 in a research note on Monday, February 28th. Finally, National Bank Financial raised Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research note on Thursday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$91.64.

AEM traded down C$1.67 during midday trading on Friday, hitting C$75.98. The company’s stock had a trading volume of 686,119 shares, compared to its average volume of 1,693,287. The company has a current ratio of 1.71, a quick ratio of 0.42 and a debt-to-equity ratio of 28.37. The firm has a market cap of C$34.62 billion and a P/E ratio of 27.17. The firm has a 50-day moving average price of C$75.39 and a two-hundred day moving average price of C$69.04. Agnico Eagle Mines has a 52-week low of C$58.02 and a 52-week high of C$89.95.

Agnico Eagle Mines (TSE:AEMGet Rating) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.58 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.12). The business had revenue of C$1.20 billion during the quarter, compared to the consensus estimate of C$1.18 billion. On average, equities analysts expect that Agnico Eagle Mines will post 4.0100002 EPS for the current year.

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi acquired 3,200 shares of the company’s stock in a transaction on Monday, February 28th. The shares were bought at an average cost of C$64.23 per share, for a total transaction of C$205,532.80. Following the acquisition, the insider now directly owns 153,703 shares of the company’s stock, valued at C$9,872,189.99. Also, Senior Officer Marc Legault sold 20,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of C$72.21, for a total value of C$1,444,200.00. Following the sale, the insider now owns 89,148 shares in the company, valued at C$6,437,377.08.

About Agnico Eagle Mines (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.

Further Reading

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with's FREE daily email newsletter.