Agnico Eagle Mines (TSE:AEM) Sets New 52-Week High – Time to Buy?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) reached a new 52-week high during trading on Wednesday . The company traded as high as C$131.75 and last traded at C$129.63, with a volume of 178880 shares. The stock had previously closed at C$129.50.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AEM shares. Stifel Nicolaus lifted their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares lifted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$116.00.

Agnico Eagle Mines Price Performance

The stock has a market capitalization of C$67.68 billion, a PE ratio of 84.43, a PEG ratio of 22.97 and a beta of 1.10. The firm’s fifty day moving average price is C$119.39 and its two-hundred day moving average price is C$112.66. 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) (NYSE:AEM) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating the consensus estimate of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. On average, equities analysts predict that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Guy Gosselin sold 22,500 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Also, Senior Officer Jean Robitaille sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total value of C$1,220,000.00. Over the last 90 days, insiders sold 124,616 shares of company stock worth $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.