Agnico Eagle Mines (AEM) Trading 3% Higher

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) shares traded up 3% during trading on Thursday . The company traded as high as C$51.86 and last traded at C$50.89. 1,105,795 shares traded hands during trading, an increase of 54% from the average session volume of 719,890 shares. The stock had previously closed at C$49.41.

Separately, Canaccord Genuity lowered their price objective on shares of Agnico Eagle Mines from C$66.00 to C$61.00 in a research note on Thursday, October 18th.

The company has a quick ratio of 1.42, a current ratio of 2.94 and a debt-to-equity ratio of 34.84.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, October 24th. The company reported C$0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.07) by C$0.08. The business had revenue of C$677.87 million during the quarter, compared to analyst estimates of C$637.11 million. As a group, equities research analysts anticipate that Agnico Eagle Mines Ltd will post 0.64 earnings per share for the current fiscal year.

In other news, insider Ammar Al-Joundi acquired 1,000 shares of the stock in a transaction on Thursday, November 1st. The shares were purchased at an average cost of C$48.21 per share, for a total transaction of C$48,210.00. Also, insider Jean Robitaille sold 7,500 shares of Agnico Eagle Mines stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of C$51.26, for a total transaction of C$384,450.00. In the last 90 days, insiders sold 42,500 shares of company stock worth $2,094,150.

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Agnico Eagle Mines Company Profile (TSE:AEM)

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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