Agnico Eagle Mines (TSE:AEM) Given New C$70.00 Price Target at National Bank Financial

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective trimmed by National Bank Financial from C$77.00 to C$70.00 in a research note released on Friday, January 26th.

Other research analysts have also recently issued research reports about the company. Desjardins reiterated a buy rating and issued a C$60.00 price objective on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Canaccord Genuity increased their price objective on Agnico Eagle Mines from C$77.00 to C$81.00 in a research note on Friday, January 19th. Finally, Eight Capital reaffirmed a neutral rating on shares of Agnico Eagle Mines in a research note on Thursday, November 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Agnico Eagle Mines currently has an average rating of Buy and an average target price of C$67.00.

Shares of Agnico Eagle Mines (TSE:AEM) opened at C$55.49 on Friday. The company has a market capitalization of $12,910.00, a P/E ratio of 37.75 and a beta of -1.03. Agnico Eagle Mines has a 52 week low of C$52.36 and a 52 week high of C$68.76.

In other Agnico Eagle Mines news, insider Jean Robitaille sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of C$56.48, for a total transaction of C$1,129,600.00. Also, Director Sean Riley sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of C$58.49, for a total value of C$58,490.00. Over the last 90 days, insiders sold 41,000 shares of company stock worth $2,295,090.

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About Agnico Eagle Mines

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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