Agnico Eagle Mines (AEM) Sets New 12-Month Low at $56.11

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) reached a new 52-week low during trading on Thursday . The company traded as low as C$56.11 and last traded at C$56.21, with a volume of 243628 shares trading hands. The stock had previously closed at C$57.45.

A number of analysts recently commented on AEM shares. Canaccord Genuity lowered their price objective on shares of Agnico Eagle Mines from C$81.00 to C$77.00 in a research report on Friday, February 16th. National Bank Financial lowered their price objective on shares of Agnico Eagle Mines from C$77.00 to C$70.00 in a research report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$68.67.

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Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, February 14th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.24 by C$0.03. The firm had revenue of C$717.92 million during the quarter, compared to analysts’ expectations of C$709.69 million. Agnico Eagle Mines had a return on equity of 2.85% and a net margin of 6.21%.

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 800 shares of the stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of C$53.62, for a total transaction of C$42,896.00. Also, insider Jean Robitaille sold 5,000 shares of the stock in a transaction dated Monday, March 26th. The stock was sold at an average price of C$54.49, for a total value of C$272,450.00. In the last quarter, insiders have sold 10,800 shares of company stock valued at $582,796.

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Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. The company primarily produces and sells gold, as well as explores for silver, zinc, and copper.

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