Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$144.00 at National Bankshares

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM had its price objective upped by research analysts at National Bankshares from C$143.00 to C$144.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target suggests a potential upside of 20.25% from the stock's current price.

AEM has been the subject of several other research reports. UBS Group upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, September 17th. Eight Capital lifted their target price on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Stifel Nicolaus upped their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity Group lifted their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$116.00.

Agnico Eagle Mines Stock Down 0.4 %

AEM stock traded down C$0.43 during mid-day trading on Friday, reaching C$119.75. 894,479 shares of the company traded hands, compared to its average volume of 1,222,926. The stock has a market cap of C$60.00 billion, a price-to-earnings ratio of 74.84, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86. The firm's 50 day moving average price is C$111.92 and its 200 day moving average price is C$99.99. 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 announced its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The business had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. As a group, equities research analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. In related news, Director John Merfyn Roberts sold 2,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total value of C$223,680.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total value of C$2,546,250.00. In the last 90 days, insiders sold 115,000 shares of company stock worth $12,518,150. 0.08% of the stock is currently owned by 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.