Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$185.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target raised by research analysts at Stifel Nicolaus from C$165.00 to C$185.00 in a research report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 9.94% from the stock’s previous close.

Several other research firms also recently weighed in on AEM. BMO Capital Markets raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, April 15th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. UBS Group cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, National Bankshares upped their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$138.00.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded down C$0.11 during trading hours on Monday, hitting C$168.27. 561,770 shares of the company’s stock were exchanged, compared to its average volume of 1,081,311. Agnico Eagle Mines has a 12-month low of C$84.44 and a 12-month high of C$175.33. The company has a market capitalization of C$59.50 billion, a PE ratio of 59.12, a PEG ratio of 22.97 and a beta of 1.10. The business’s 50 day simple moving average is C$147.80 and its 200-day simple moving average is C$129.23. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total value of C$787,455.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$155.55, for a total transaction of C$933,300.00. Insiders have sold 26,625 shares of company stock worth $3,958,905 over the last 90 days. 0.08% of the stock is owned by company insiders.

About Agnico Eagle Mines

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.