Agnico Eagle Mines (TSE:AEM) PT Raised to C$86.00


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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.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Thursday, February 11th. The company reported C$0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.86 by C$0.01. The company had revenue of C$1.21 billion for the quarter, compared to the consensus estimate of C$1.20 billion. Equities research analysts anticipate that Agnico Eagle Mines will post 0.6589269 earnings per share for the current year.

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.

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Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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