Agnico Eagle Mines (TSE:AEM) Hits New 1-Year High – Here’s What Happened

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$142.39 and last traded at C$141.35, with a volume of 601598 shares changing hands. The stock had previously closed at C$136.82.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. National Bankshares raised their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Price Performance

The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The stock’s 50-day moving average is C$120.58 and its 200-day moving average is C$113.54. The firm has a market cap of C$70.30 billion, a P/E ratio of 87.69, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Insider Activity at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$118.43, for a total transaction of C$236,860.00. Also, Director Martine Celej sold 2,208 shares of Agnico Eagle Mines stock in a transaction that occurred 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. Over the last 90 days, insiders sold 114,616 shares of company stock worth $13,256,431. 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.