Agnico Eagle Mines (TSE:AEM) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$112.08 and traded as high as C$129.55. Agnico Eagle Mines shares last traded at C$129.50, with a volume of 644,186 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AEM. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares lifted their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and a consensus target price of C$116.00.

Agnico Eagle Mines Stock Performance

The stock has a fifty day moving average of C$118.71 and a 200-day moving average of C$112.08. The firm has a market capitalization of C$65.12 billion, a P/E ratio of 81.24, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director Sean Boyd sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total value of C$1,161,500.00. Also, Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00. Over the last quarter, insiders have sold 124,616 shares of company stock valued at $14,417,931. 0.08% of the stock is owned by insiders.

About Agnico Eagle Mines

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.