Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price lifted by analysts at JPMorgan Chase & Co. from C$84.00 to C$86.00 in a research note issued to investors on Monday, PriceTargets.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.31% from the stock’s current price.
A number of other analysts have also weighed in on the company. National Bankshares reduced their target price on Agnico Eagle Mines from C$98.00 to C$97.00 and set an “outperform” rating on the stock in a research note on Friday, April 23rd. Eight Capital decreased their price target on Agnico Eagle Mines from C$140.00 to C$125.00 and set a “na” rating on the stock in a research note on Tuesday, April 20th. Raymond James boosted their price objective on Agnico Eagle Mines to C$115.00 and gave the company an “outperform” rating in a report on Wednesday, February 17th. National Bank Financial cut their price objective on Agnico Eagle Mines to C$97.00 and set an “outperform” rating on the stock in a report on Friday, April 23rd. Finally, Cormark boosted their price objective on Agnico Eagle Mines to C$122.00 and gave the company an “outperform” rating in a report on Wednesday, February 17th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$99.33.
Shares of TSE AEM opened at C$81.66 on Monday. Agnico Eagle Mines has a 52 week low of C$69.14 and a 52 week high of C$117.35. The company has a market cap of C$19.85 billion and a price-to-earnings ratio of 24.25. The company has a quick ratio of 0.34, a current ratio of 2.30 and a debt-to-equity ratio of 29.58. The firm’s fifty day moving average is C$77.18 and its 200 day moving average is C$86.53.
In other Agnico Eagle Mines news, Senior Officer Jean Robitaille bought 5,000 shares of the company’s stock in a transaction dated Wednesday, February 17th. The shares were acquired at an average cost of C$78.25 per share, with a total value of C$391,250.00. Following the completion of the transaction, the insider now owns 59,139 shares in the company, valued at C$4,627,626.75. Over the last ninety days, insiders have bought 16,361 shares of company stock worth $1,224,658.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
Recommended Story: How can you know how many shares are floating?
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.