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Royal Bank of Canada Forecasts Strong Price Appreciation for Agnico Eagle Mines (TSE:AEM) Stock

Agnico Eagle Mines logo with Basic Materials background
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Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM had its target price boosted by equities researchers at Royal Bank of Canada to C$105.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a "buy" rating on the stock. Royal Bank of Canada's target price points to a potential downside of 25.11% from the company's current price.

Agnico Eagle Mines Stock Down 1.3 %

Shares of AEM traded down C$1.81 during mid-day trading on Thursday, hitting C$140.20. 1,387,803 shares of the company's stock were exchanged, compared to its average volume of 986,010. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 52 week low of C$73.01 and a 52 week high of C$145.25. The company has a market cap of C$49.57 billion, a PE ratio of 49.26, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a 50-day simple moving average of C$131.70 and a 200 day simple moving average of C$119.81.

Insider Activity at Agnico Eagle Mines

In other news, Director Martine Celej sold 2,208 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$246,942.72. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$139.99, for a total transaction of C$787,455.00. Over the last quarter, insiders have sold 70,269 shares of company stock valued at $8,396,572. 0.08% of the stock is owned by insiders.

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About Agnico Eagle Mines

(Get Free Report)

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.

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