Agnico Eagle Mines (AEM) Reaches New 52-Week High at $57.10

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) hit a new 52-week high during trading on Tuesday . The company traded as high as C$57.10 and last traded at C$56.66, with a volume of 250290 shares trading hands. The stock had previously closed at C$56.79.

AEM has been the topic of several research analyst reports. Canaccord Genuity increased their price objective on shares of Agnico Eagle Mines from C$77.00 to C$81.00 in a research report on Friday, January 19th. National Bank Financial lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$70.00 to C$63.00 in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$68.67.

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Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.27 EPS for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.03. Agnico Eagle Mines had a net margin of 6.21% and a return on equity of 2.85%. The business had revenue of C$717.92 million for the quarter, compared to analyst estimates of C$709.69 million.

In related news, Director John Merfyn Roberts sold 800 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of C$53.62, for a total transaction of C$42,896.00. Also, insider Jean Robitaille sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of C$54.49, for a total transaction of C$272,450.00. Over the last ninety days, insiders have sold 10,800 shares of company stock worth $582,796.

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About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. The company primarily produces and sells gold, as well as explores for silver, zinc, and copper.

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