Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price boosted by National Bank Financial from C$86.00 to C$91.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 16.15% from the company’s current price.
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their price objective on Agnico Eagle Mines from C$65.00 to C$68.00 in a research report on Monday, July 8th. BMO Capital Markets set a C$48.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, April 29th. Eight Capital raised their price objective on Agnico Eagle Mines from C$65.00 to C$93.00 in a research report on Thursday, August 8th. Finally, Canaccord Genuity raised their price objective on Agnico Eagle Mines from C$79.00 to C$83.00 in a research report on Friday, July 19th.
AEM traded up C$0.76 during trading on Wednesday, reaching C$78.35. The company had a trading volume of 985,539 shares, compared to its average volume of 841,000. The company has a 50-day moving average of C$70.33. The firm has a market capitalization of $18.45 billion and a P/E ratio of -58.97. Agnico Eagle Mines has a 12-month low of C$42.35 and a 12-month high of C$80.48. The company has a current ratio of 1.29, a quick ratio of 0.46 and a debt-to-equity ratio of 38.88.
In other news, Senior Officer Yvon Sylvestre sold 5,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$80.15, for a total transaction of C$400,750.00. Following the completion of the sale, the insider now directly owns 2,103 shares in the company, valued at approximately C$168,555.45. Also, Director Sean Riley sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Sunday, August 11th. The shares were sold at an average price of C$79.14, for a total value of C$79,140.00. Following the sale, the director now owns 6,255 shares of the company’s stock, valued at C$495,020.70. Insiders have sold a total of 109,195 shares of company stock valued at $7,253,442 over the last 90 days.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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