TD Securities Upgrades Agnico Eagle Mines (TSE:AEM) to “Strong-Buy”

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by investment analysts at TD Securities to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

AEM has been the subject of a number of other reports. Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$185.00 to C$195.00 in a report on Monday, April 28th. Raymond James Financial raised shares of Agnico Eagle Mines to a “moderate buy” rating in a research report on Monday, June 30th. BMO Capital Markets upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, April 15th. National Bank Financial upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Finally, National Bankshares raised their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, two have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$152.00.

Agnico Eagle Mines Stock Performance

AEM stock opened at C$161.61 on Thursday. The firm has a market cap of C$57.14 billion, a PE ratio of 56.78, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The stock has a 50-day moving average price of C$161.95 and a 200-day moving average price of C$149.99. Agnico Eagle Mines has a 1-year low of C$99.05 and a 1-year high of C$175.33.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi sold 20,000 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$169.00, for a total transaction of C$3,379,960.00. Also, Director Sean Boyd sold 5,200 shares of the company’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of C$161.51, for a total transaction of C$839,852.00. Insiders sold 45,632 shares of company stock worth $7,657,810 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.