Agnico Eagle Mines (TSE:AEM) PT Raised to C$94.00

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) had its price objective increased by equities research analysts at Stifel Nicolaus from C$91.00 to C$94.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 41.18% from the company’s previous close.

Several other research analysts have also weighed in on AEM. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Wednesday, January 3rd. National Bankshares decreased their price objective on shares of Agnico Eagle Mines from C$86.00 to C$85.00 and set an “outperform” rating for the company in a report on Monday, January 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$82.00.

Check Out Our Latest Research Report on AEM

Agnico Eagle Mines Price Performance

AEM stock traded down C$0.50 on Friday, hitting C$66.58. 286,633 shares of the company’s stock traded hands, compared to its average volume of 861,182. The company has a current ratio of 1.99, a quick ratio of 0.89 and a debt-to-equity ratio of 10.57. The stock has a market cap of C$33.03 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 6.41 and a beta of 1.04. Agnico Eagle Mines has a 1-year low of C$59.36 and a 1-year high of C$82.90. The stock has a fifty day moving average of C$70.34 and a 200-day moving average of C$67.23.

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 25th. The company reported C$0.59 EPS for the quarter, beating the consensus estimate of C$0.58 by C$0.01. The business had revenue of C$2.20 billion during the quarter, compared to the consensus estimate of C$2.12 billion. Agnico Eagle Mines had a net margin of 40.23% and a return on equity of 13.96%. On average, analysts forecast that Agnico Eagle Mines will post 3.5525188 EPS for the current fiscal year.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 3,125 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of C$68.98, for a total transaction of C$215,562.50. In related news, Senior Officer Dominique Girard sold 5,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of C$74.27, for a total transaction of C$371,350.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 3,125 shares of Agnico Eagle Mines stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of C$68.98, for a total transaction of C$215,562.50. In the last three months, insiders sold 15,125 shares of company stock valued at $1,093,633. Company insiders own 0.11% of the company’s stock.

Agnico Eagle Mines Company Profile

(Get Free Report)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.

Further Reading

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