JPMorgan Chase & Co. Reiterates C$337.00 Price Target for Agnico Eagle Mines (TSE:AEM)

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) received a C$337.00 target price from investment analysts at JPMorgan Chase & Co. in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 16.73% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Royal Bank Of Canada lowered Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research report on Monday, October 20th. Finally, National Bankshares boosted their target price on Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of C$260.50.

Agnico Eagle Mines Stock Down 4.5%

Shares of AEM stock traded down C$13.71 on Thursday, reaching C$288.70. 808,818 shares of the company were exchanged, compared to its average volume of 1,069,721. The company has a 50-day moving average of C$250.72 and a 200-day moving average of C$223.29. Agnico Eagle Mines has a one year low of C$131.56 and a one year high of C$305.68. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The company has a market cap of C$144.94 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 22.97 and a beta of 1.42.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 EPS for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The firm had revenue of C$4.26 billion during the quarter. Analysts anticipate that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Insider Transactions at Agnico Eagle Mines

In other news, insider James Porter sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total value of C$742,260.00. Following the completion of the transaction, the insider directly owned 7,734 shares in the company, valued at approximately C$1,913,546.28. This represents a 27.95% decrease in their position. Also, insider Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$243.40, for a total transaction of C$4,868,000.00. Following the completion of the sale, the insider directly owned 54,917 shares of the company’s stock, valued at C$13,366,797.80. This trade represents a 26.70% decrease in their position. Company insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.