Agnico Eagle Mines (AEM) Price Target Lowered to C$77.00 at Canaccord Genuity

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price cut by Canaccord Genuity from C$81.00 to C$77.00 in a research note issued to investors on Friday. Canaccord Genuity’s target price would suggest a potential upside of 42.28% from the company’s previous close.

Other analysts have also recently issued research reports about the company. National Bank Financial cut their price objective on Agnico Eagle Mines from C$77.00 to C$70.00 in a research note on Friday, January 26th. Desjardins restated a “buy” rating and set a C$60.00 price objective on shares of Agnico Eagle Mines in a research note on Monday, December 11th. Finally, Eight Capital restated a “neutral” rating on shares of Agnico Eagle Mines in a research note on Thursday, November 16th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Agnico Eagle Mines has a consensus rating of “Hold” and a consensus price target of C$65.43.

Shares of Agnico Eagle Mines (AEM) opened at C$54.12 on Friday. Agnico Eagle Mines has a one year low of C$52.36 and a one year high of C$68.76. The stock has a market capitalization of $12,590.00, a P/E ratio of 37.07 and a beta of -1.03.

In other news, insider Marc Legault sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$55.35, for a total transaction of C$1,107,000.00. Also, Director Sean Riley sold 1,000 shares of the company’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. Insiders have sold 41,000 shares of company stock valued at $2,295,090 over the last ninety days.

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Agnico Eagle Mines Company Profile

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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