Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) had its target price cut by research analysts at National Bank Financial from C$310.00 to C$305.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 34.63% from the stock’s current price.
A number of other analysts have also issued reports on AEM. Barclays reduced their price target on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. TD dropped their price objective on shares of Agnico Eagle Mines from C$244.00 to C$242.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Freedom Broker downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Stifel Nicolaus decreased their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note 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 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 four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$292.00.
Agnico Eagle Mines Stock Down 7.7%
Shares of AEM traded down C$18.99 during mid-day trading on Friday, reaching C$226.55. The company’s stock had a trading volume of 827,298 shares, compared to its average volume of 999,399. The business has a fifty day moving average of C$271.48 and a 200 day moving average of C$263.06. The company has a market cap of C$113.50 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 22.97 and a beta of 2.00. Agnico Eagle Mines has a 1 year low of C$188.48 and a 1 year high of C$348.94. The company has a quick ratio of 0.89, a current ratio of 2.75 and a debt-to-equity ratio of 1.11.
Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, October 28th. The company reported C$3.72 earnings per share for the quarter. The business had revenue of C$5.10 billion for the quarter. Agnico Eagle Mines had a return on equity of 22.64% and a net margin of 41.00%. As a group, analysts forecast that Agnico Eagle Mines will post 5.50 earnings per share for the current fiscal year.
Insider Activity at Agnico Eagle Mines
In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,500 shares of the stock in a transaction dated 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 transaction, the director owned 16,182 shares of the company’s stock, 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 currently owned by company insiders.
Agnico Eagle Mines Company Profile
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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