Agnico Eagle Mines (TSE:AEM) Reaches New 12-Month High – Still a Buy?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$142.39 and last traded at C$141.35, with a volume of 601598 shares changing hands. The stock had previously closed at C$136.82.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus upped their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares increased their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$116.00.

Agnico Eagle Mines Price Performance

The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The company has a market cap of C$70.38 billion, a PE ratio of 87.80, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a 50-day moving average price of C$121.99 and a two-hundred day moving average price of C$114.43.

Insiders Place Their Bets

In related news, Senior Officer Jean Robitaille sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$118.25, for a total value of C$591,250.00. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$118.94, for a total value of C$2,378,852.00. Insiders sold a total of 114,616 shares of company stock worth $13,256,431 in the last 90 days. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. 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.