Agnico Eagle Mines (TSE:AEM) Sets New 1-Year High – Still a Buy?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) reached a new 52-week high on Wednesday . The company traded as high as C$131.75 and last traded at C$129.63, with a volume of 178880 shares. The stock had previously closed at C$129.50.

Analysts Set New Price Targets

AEM has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares raised their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of C$116.00.

Agnico Eagle Mines Stock Performance

The stock’s 50 day moving average price is C$118.71 and its two-hundred day moving average price is C$112.08. The firm has a market capitalization of C$65.12 billion, a PE ratio of 81.24, a PEG ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The firm had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. On average, equities analysts expect that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Senior Officer Guy Gosselin sold 22,500 shares of the business’s stock in a transaction dated 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. Insiders sold 124,616 shares of company stock valued at $14,417,931 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

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.