Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$251.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target boosted by equities researchers at TD Securities from C$241.00 to C$251.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential downside of 13.96% from the company’s current price.

AEM has been the topic of a number of other research reports. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. National Bank Financial boosted their price target on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. set a C$337.00 price target on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada lowered shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$272.60.

Agnico Eagle Mines Trading Down 1.1%

AEM stock traded down C$3.35 during mid-day trading on Tuesday, reaching C$291.72. The company had a trading volume of 430,786 shares, compared to its average volume of 1,111,336. The company has a market capitalization of C$146.46 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54. The firm has a 50 day moving average of C$261.89 and a 200 day moving average of C$233.71. Agnico Eagle Mines has a 12 month low of C$132.96 and a 12 month high of C$305.68. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. On average, equities analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the sale, the insider owned 54,917 shares of the company’s stock, valued at approximately C$13,366,797.80. This trade represents a 26.70% decrease in their position. Also, insider James Porter sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total value of C$742,260.00. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at approximately C$1,913,546.28. This trade represents a 27.95% decrease in their ownership of the stock. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.