Agnico Eagle Mines (TSE:AEM) (NYSE:AEM)‘s stock had its “outperform” rating reaffirmed by research analysts at Raymond James in a research note issued on Monday, Stock Target Advisor reports. They presently have a C$91.00 price objective on the stock. Raymond James’ price target indicates a potential upside of 11.44% from the stock’s current price.
Several other equities research analysts also recently issued reports on AEM. Royal Bank of Canada restated a “sector perform” rating and issued a C$81.00 price objective on shares of Agnico Eagle Mines in a research note on Friday, April 30th. JPMorgan Chase & Co. raised their target price on Agnico Eagle Mines from C$84.00 to C$86.00 and gave the stock a “neutral” rating in a research report on Monday. Cormark raised their target price on Agnico Eagle Mines to C$122.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 17th. National Bank Financial reduced their target price on Agnico Eagle Mines to C$97.00 and set an “outperform” rating for the company in a research report on Friday, April 23rd. Finally, Eight Capital reduced their target price on Agnico Eagle Mines from C$140.00 to C$125.00 and set a “na” rating for the company in a research report on Tuesday, April 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$99.33.
Shares of AEM stock opened at C$81.66 on Monday. Agnico Eagle Mines has a 12 month low of C$69.14 and a 12 month high of C$117.35. The company has a quick ratio of 0.34, a current ratio of 2.30 and a debt-to-equity ratio of 29.58. The business’s 50 day moving average is C$77.18 and its two-hundred day moving average is C$86.53. The company has a market cap of C$19.85 billion and a PE ratio of 24.25.
In related news, Senior Officer Jean Robitaille purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The shares were bought at an average price of C$78.25 per share, for a total transaction of C$391,250.00. Following the completion of the transaction, the insider now owns 59,139 shares of the company’s stock, valued at C$4,627,626.75. Insiders purchased 16,361 shares of company stock worth $1,224,658 in 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, Sweden, 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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