Agnico Eagle Mines (TSE:AEM) Price Target Cut to C$310.00 by Analysts at National Bank Financial

by · The Markets Daily

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) had its price objective reduced by research analysts at National Bank Financial from C$315.00 to C$310.00 in a note issued to investors on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 17.96% from the company’s previous close.

AEM has been the topic of a number of other research reports. Stifel Nicolaus decreased their price target on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Barclays decreased their target price on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus price target of C$292.71.

Get Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Stock Performance

Shares of AEM traded down C$1.83 during mid-day trading on Tuesday, hitting C$262.81. 212,854 shares of the company’s stock were exchanged, compared to its average volume of 1,011,564. Agnico Eagle Mines has a 52 week low of C$188.48 and a 52 week high of C$348.94. The stock’s 50-day simple moving average is C$273.40 and its 200-day simple moving average is C$253.26. The firm has a market cap of C$131.66 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 22.97 and a beta of 2.00. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. The business had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. On average, equities research analysts expect that Agnico Eagle Mines will post 5.50 EPS for the current year.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total value of C$410,025.00. Following the sale, the director owned 16,182 shares of the company’s stock, valued at approximately C$4,423,349.70. This trade represents a 8.48% decrease in their position. 0.08% of the stock is owned by insiders.

About Agnico Eagle Mines

(Get Free Report)

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

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