Agnico Eagle Mines (TSE:AEM) PT Raised to C$93.00 at Raymond James

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target increased by Raymond James to C$93.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 6.16% from the stock’s previous close. Raymond James also issued estimates for Agnico Eagle Mines’ Q3 2021 earnings at $0.98 EPS.

AEM has been the subject of several other research reports. Eight Capital lowered their target price on shares of Agnico Eagle Mines from C$140.00 to C$125.00 and set a “na” rating for the company in a report on Tuesday, April 20th. Canaccord Genuity lowered their target price on shares of Agnico Eagle Mines from C$115.00 to C$110.00 in a report on Tuesday, February 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a C$81.00 price objective on shares of Agnico Eagle Mines in a report on Friday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Agnico Eagle Mines from C$84.00 to C$86.00 and gave the company a “neutral” rating in a report on Monday, May 3rd. Finally, TD Securities decreased their price objective on shares of Agnico Eagle Mines to C$85.00 and set a “buy” rating for the company in a report on Tuesday, February 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$102.00.

AEM opened at C$87.60 on Wednesday. The stock has a market capitalization of C$21.29 billion and a PE ratio of 26.47. The company’s fifty day moving average is C$82.65. Agnico Eagle Mines has a fifty-two week low of C$69.14 and a fifty-two week high of C$117.35. The company has a quick ratio of 0.48, a current ratio of 2.30 and a debt-to-equity ratio of 29.58.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 29th. The company reported C$0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.71 by C$0.14. The business had revenue of C$1.18 billion for the quarter, compared to the consensus estimate of C$1.10 billion. On average, analysts anticipate that Agnico Eagle Mines will post 0.6589269 earnings per share for the current year.

In related news, Senior Officer Jean Robitaille bought 761 shares of the company’s stock in a transaction on Monday, March 15th. The shares were bought at an average price of C$74.36 per share, with a total value of C$56,587.96. Following the transaction, the insider now owns 73,000 shares in the company, valued at C$5,428,280. Also, Director Sean Riley sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 20th. The stock was sold at an average price of C$89.45, for a total transaction of C$89,450.00. Following the sale, the director now directly owns 7,839 shares in the company, valued at approximately C$701,198.55. In the last ninety days, insiders sold 21,500 shares of company stock worth $1,861,975.

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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