Agnico Eagle Mines (TSE:AEM) Given New C$105.00 Price Target at Royal Bank of Canada

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective lifted by investment analysts at Royal Bank of Canada to C$105.00 in a report released on Thursday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Royal Bank of Canada’s price target would indicate a potential downside of 25.85% from the company’s previous close.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM traded down C$1.19 on Thursday, hitting C$141.60. 79,305 shares of the company were exchanged, compared to its average volume of 959,564. The firm has a market capitalization of C$50.07 billion, a P/E ratio of 49.75, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 1-year low of C$72.59 and a 1-year high of C$145.25. The stock’s 50 day moving average price is C$129.42 and its 200 day moving average price is C$118.69.

Insider Activity

In other news, Director Martine Celej sold 2,208 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$246,942.72. Also, Senior Officer Guy Gosselin sold 22,500 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Over the last three months, insiders have sold 70,269 shares of company stock valued at $8,396,572. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.