Agnico Eagle Mines (TSE:AEM) Hits New 1-Year High - Should You Buy?

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM's share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$142.39 and last traded at C$141.35, with a volume of 601598 shares. The stock had previously closed at C$136.82.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AEM. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares upped their price target on 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$116.00.

Agnico Eagle Mines Trading Down 0.8 %

The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The firm has a market capitalization of C$70.38 billion, a P/E ratio of 87.80, a P/E/G ratio of 22.97 and a beta of 1.10. The stock has a 50 day simple moving average of C$121.99 and a 200-day simple moving average of C$114.51.

Insider Buying and Selling

In related news, Senior Officer Jean Robitaille sold 10,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total transaction of C$1,220,000.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the business's 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. In the last three months, insiders have sold 114,616 shares of company stock valued at $13,256,431. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

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.