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

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

Several other analysts have also commented on the stock. Barclays cut their target price on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. Stifel Nicolaus reduced their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a report on Friday, July 17th. Finally, Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$292.71.

Get Our Latest Stock Analysis on AEM

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down C$1.83 during midday trading on Tuesday, hitting C$262.81. The company’s stock had a trading volume of 212,854 shares, compared to its average volume of 1,011,564. Agnico Eagle Mines has a 12 month low of C$188.48 and a 12 month high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 1.12. The company has a market capitalization of C$131.66 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 22.97 and a beta of 2.00. The stock’s 50-day moving average price is C$273.40 and its 200-day moving average price is C$253.26.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The company had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. Analysts anticipate that Agnico Eagle Mines will post 5.50 earnings per share for the current fiscal year.

Insider Buying and Selling at Agnico Eagle Mines

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

Agnico Eagle Mines Company Profile

(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.

See Also

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.