Agnico Eagle Mines (EAST: AEM – Get a rating) (NYSE: AEM) had its target price raised by equity researchers at Eight Capital from C$100.00 to C$105.00 in a research note released Thursday to investors, BayStreet.CA reports. Eight Capital’s target price indicates an upside potential of 35.76% from the current share price.
Other research analysts have also recently released reports on the stock. JPMorgan Chase & Co. lowered its price target on shares of Agnico Eagle Mines from C$83.00 to C$77.00 in a Monday, February 28 report. BMO Capital Markets launched a hedge on Agnico Eagle Mines shares in a Thursday, February 10, report. They set a “buy” rating and a target price of C$98.00 for the stock. National Bank Financial upgraded the shares of Agnico Eagle Mines from an “outperforming sector” rating to an “outperforming” rating in a report released Thursday, January 27. Canaccord Genuity Group lowered its price target on Agnico Eagle Mines shares from C$90.00 to C$84.00 in a report released Tuesday, March 1. Finally, National Bankshares raised its target price on shares of Agnico Eagle Mines from C$94.00 to C$99.00 in a report released Wednesday. One investment analyst gave the stock a hold rating and seven gave the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$90.55.
Shares of TSE AEM traded lower from C$3.76 in midday trading on Thursday, to C$77.34. The company had a trading volume of 692,062 shares, compared to an average volume of 1,698,527 shares. The company’s 50-day moving average is C$75.11 and its 200-day moving average is C$68.96. The company has a current ratio of 1.71, a quick ratio of 0.42 and a debt ratio of 28.37. The stock has a market capitalization of C$35.24 billion and a price-earnings ratio of 27.63. Agnico Eagle Mines has a 52-week low of C$58.02 and a 52-week high of C$89.95.
Agnico Eagle Mines (EAST: AEM – Get a rating) (NYSE:AEM) last released its quarterly results on Wednesday, February 23. The company reported EPS of C$0.58 for the quarter, missing Zacks’ consensus estimate of C$0.70 by C$0.12. The company posted revenue of C$1.20 billion for the quarter, while analysts had expected C$1.18 billion. As a group, equity research analysts expect Agnico Eagle Mines to post earnings per share of 4.0100002 for the current year.
In other Agnico Eagle Mines news, Director Sean Boyd purchased 10,000 shares of Agnico Eagle Mines in a transaction on Monday February 28th. The stock was purchased at an average cost of CA$66.75 per share, with a total value of CA$667,500.00. As a result of the transaction, the administrator now owns 178,269 shares of the company, valued at approximately C$11,899,455.75. Additionally, senior officer Ammar Al-Joundi purchased 3,200 shares of Agnico Eagle Mines in a transaction on Monday, February 28. The shares were acquired at an average cost of CA$64.23 per share, with a total value of CA$205,532.80. Following the completion of the transaction, the insider now directly owns 153,703 shares of the company, valued at approximately C$9,872,189.99.
About Agnico Eagle Mines (Get a rating)
Agnico Eagle Mines Limited is engaged in the exploration, development and production of mineral properties in Canada, Mexico and Finland. It operates through Northern Business and Southern Business segments. The Company mainly produces and sells gold deposits, as well as silver, zinc and copper deposits.
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