Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by ATB Cormark Capital Markets

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by equities research analysts at ATB Cormark Capital Markets from a “sector” rating to an “outperform” rating in a report released on Monday,BayStreet.CA reports.

A number of other research firms have also recently commented on AEM. Stifel Nicolaus lifted their price target on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. National Bank Financial boosted their target price on shares of Agnico Eagle Mines from C$330.00 to C$345.00 and gave the company an “outperform” rating in a report on Friday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. Finally, BMO Capital Markets boosted their price target on shares of Agnico Eagle Mines from C$350.00 to C$370.00 in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of C$324.20.

Agnico Eagle Mines Stock Down 2.1%

AEM stock traded down C$5.17 during mid-day trading on Monday, reaching C$244.50. 300,926 shares of the company traded hands, compared to its average volume of 1,009,886. The stock has a market cap of C$122.49 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 22.97 and a beta of 1.87. The company has a quick ratio of 0.89, a current ratio of 3.15 and a debt-to-equity ratio of 1.21. Agnico Eagle Mines has a fifty-two week low of C$144.21 and a fifty-two week high of C$348.94. The firm’s 50 day moving average price is C$290.83 and its 200 day moving average price is C$265.06.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.The firm had revenue of C$5.70 billion for the quarter. As a group, equities research analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Insider Activity at Agnico Eagle Mines

In other news, insider Guy Gosselin sold 4,947 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$310.00, for a total transaction of C$1,533,570.00. Following the completion of the transaction, the insider directly owned 31,381 shares of the company’s stock, valued at approximately C$9,728,110. This represents a 13.62% decrease in their ownership of the stock. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.