National Bankshares Increases Agnico Eagle Mines (TSE:AEM) Price Target to C$89.00

Agnico Eagle Mines (TSE:AEM – Get Rating) (NYSE:AEM) had its price objective raised by equities research analysts at National Bankshares from C$75.00 to C$89.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 18.79% from the stock’s current price.

AEM has been the topic of a number of other research reports. Cormark upped their target price on shares of Agnico Eagle Mines from C$73.00 to C$77.00 in a research report on Friday, October 28th. Canaccord Genuity Group decreased their price target on Agnico Eagle Mines from C$91.00 to C$84.00 in a report on Thursday, October 20th. Barclays raised their target price on Agnico Eagle Mines from C$62.00 to C$63.00 in a report on Monday, October 17th. Citigroup reiterated an “outperform” rating and set a C$50.00 price objective on shares of Agnico Eagle Mines in a research report on Friday, September 30th. Finally, Veritas Investment Research set a C$82.10 price target on Agnico Eagle Mines and gave the company a “buy” rating in a report on Wednesday, December 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of C$77.11.

Agnico Eagle Mines Trading Up 1.5 %

AEM stock opened at C$74.92 on Friday. The company has a debt-to-equity ratio of 9.12, a current ratio of 2.17 and a quick ratio of 0.89. The company has a market capitalization of C$34.16 billion and a PE ratio of 39.64. The firm’s 50-day moving average is C$68.81 and its 200 day moving average is C$61.03. Agnico Eagle Mines has a 12 month low of C$48.88 and a 12 month high of C$84.66.

Agnico Eagle Mines (TSE:AEM – Get Rating) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, October 26th. The company reported C$0.68 EPS for the quarter, beating the consensus estimate of C$0.59 by C$0.09. The business had revenue of C$1.89 billion for the quarter. On average, research analysts anticipate that Agnico Eagle Mines will post 2.6900001 EPS for the current year.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Jean Robitaille sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of C$70.25, for a total value of C$562,000.00. Following the sale, the insider now owns 111,986 shares in the company, valued at approximately C$7,867,016.50. In related news, Senior Officer David Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of C$74.50, for a total transaction of C$745,000.00. Following the completion of the sale, the insider now owns 61,501 shares of the company’s stock, valued at C$4,581,824.50. Also, Senior Officer Jean Robitaille sold 8,000 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of C$70.25, for a total value of C$562,000.00. Following the completion of the transaction, the insider now owns 111,986 shares in the company, valued at approximately C$7,867,016.50. Over the last quarter, insiders have sold 44,580 shares of company stock worth $3,190,815.

Agnico Eagle Mines Company Profile

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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.