Agnico Eagle Mines (TSE:AEM) Stock Price Expected to Rise, National Bank Financial Analyst Says

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price hoisted by equities research analysts at National Bank Financial from C$330.00 to C$345.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 14.50% from the company’s previous close.

A number of other research firms have also recently weighed in on AEM. Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. TD Securities boosted their target price on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. set a C$337.00 target price on shares of Agnico Eagle Mines and gave the company a “neutral” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$320.75.

Agnico Eagle Mines Stock Up 2.3%

AEM opened at C$301.31 on Friday. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 1.68. The stock has a market cap of C$150.95 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 22.97 and a beta of 1.87. Agnico Eagle Mines has a twelve month low of C$144.21 and a twelve month high of C$348.94. The company’s 50-day moving average price is C$294.89 and its two-hundred day moving average price is C$262.58.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Friday, February 13th. The company reported C$3.71 earnings per share for the quarter. The firm had revenue of C$4.89 billion for the quarter. Agnico Eagle Mines had a net margin of 37.50% and a return on equity of 19.37%. As a group, equities analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Insider Activity

In other news, insider Guy Gosselin sold 4,947 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of C$310.00, for a total value of C$1,533,570.00. Following the sale, the insider owned 31,381 shares of the company’s stock, valued at C$9,728,110. The trade was a 13.62% decrease in their ownership of the stock. 0.08% of the stock is currently owned by company insiders.

Agnico Eagle Mines Company Profile

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. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.