Agnico Eagle Mines (TSE:AEM) Upgraded by BMO Capital Markets to Strong-Buy Rating

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM was upgraded by research analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. UBS Group downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. National Bankshares lifted their price objective on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Royal Bank of Canada increased their target price on Agnico Eagle Mines to C$105.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$130.50.

Agnico Eagle Mines Trading Up 1.0 %

Shares of AEM stock opened at C$170.05 on Tuesday. Agnico Eagle Mines has a 1-year low of C$84.44 and a 1-year high of C$175.33. The firm has a market cap of C$60.13 billion, a PE ratio of 59.74, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a 50-day moving average of C$146.76 and a two-hundred day moving average of C$128.45. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$155.55, for a total transaction of C$933,300.00. Also, Senior Officer Dominique Girard sold 10,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total value of C$1,483,200.00. Over the last ninety days, insiders sold 26,625 shares of company stock valued at $3,958,905. 0.08% of the stock is currently owned by corporate 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.

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