Agnico Eagle Mines (TSE:AEM) Given New C$251.00 Price Target at TD Securities

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price increased by TD Securities from C$241.00 to C$251.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential downside of 13.96% from the stock’s current price.

Several other brokerages have also recently weighed in on AEM. JPMorgan Chase & Co. set a C$337.00 price objective on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Royal Bank Of Canada cut shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, National Bank Financial increased their target price on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$272.60.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded down C$3.35 during midday trading on Tuesday, reaching C$291.72. 430,786 shares of the company traded hands, compared to its average volume of 1,111,336. Agnico Eagle Mines has a 12 month low of C$132.96 and a 12 month high of C$305.68. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The business has a 50 day moving average of C$261.89 and a two-hundred day moving average of C$233.71. The firm has a market capitalization of C$146.46 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. As a group, research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, insider James Porter sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$247.42, for a total transaction of C$742,260.00. Following the transaction, the insider owned 7,734 shares in the company, valued at C$1,913,546.28. The trade was a 27.95% decrease in their ownership of the stock. Also, insider Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total transaction of C$4,868,000.00. Following the completion of the sale, the insider owned 54,917 shares of the company’s stock, valued at C$13,366,797.80. This trade represents a 26.70% decrease in their position. Insiders own 0.08% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.