Agnico Eagle Mines (TSE:AEM) Given New C$93.00 Price Target at Eight Capital

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective lifted by analysts at Eight Capital from C$65.00 to C$93.00 in a report released on Thursday, BayStreet.CA reports. Eight Capital’s price objective would suggest a potential upside of 18.74% from the stock’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets set a C$48.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, April 29th. Canaccord Genuity raised their price target on Agnico Eagle Mines from C$79.00 to C$83.00 in a report on Friday, July 19th. JPMorgan Chase & Co. raised their price target on Agnico Eagle Mines from C$65.00 to C$68.00 in a report on Monday, July 8th. National Bank Financial reduced their price target on Agnico Eagle Mines from C$87.00 to C$86.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. Finally, Desjardins cut Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 price target for the company. in a report on Friday, April 12th.

Shares of AEM stock traded up C$0.62 during midday trading on Thursday, hitting C$78.32. The company had a trading volume of 607,893 shares, compared to its average volume of 834,503. The stock has a 50 day simple moving average of C$68.89. Agnico Eagle Mines has a 52-week low of C$42.35 and a 52-week high of C$79.19. The firm has a market capitalization of $18.24 billion and a PE ratio of -58.84. The company has a debt-to-equity ratio of 38.88, a quick ratio of 0.46 and a current ratio of 1.29.

In related news, Senior Officer Marc Legault sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$60.55, for a total transaction of C$605,530.00. Following the completion of the transaction, the insider now directly owns 52,570 shares of the company’s stock, valued at C$3,183,271.21. Also, Senior Officer Yvon Sylvestre sold 5,000 shares of Agnico Eagle Mines stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$57.40, for a total value of C$287,000.00. Following the transaction, the insider now directly owns 2,471 shares of the company’s stock, valued at C$141,835.40. Insiders sold a total of 100,195 shares of company stock valued at $6,538,082 over the last three months.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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