Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$83.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective increased by Canaccord Genuity from C$79.00 to C$83.00 in a research note published on Friday, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Desjardins cut Canadian Pacific Railway from a buy rating to a hold rating in a report on Friday, April 12th. National Bank Financial cut Detour Gold to a hold rating in a report on Friday, June 28th. JPMorgan Chase & Co. upgraded M.D.C. from an underweight rating to a neutral rating in a report on Monday, July 8th. Finally, BMO Capital Markets increased their target price on Discover Financial Services to $92.00 and gave the stock a market perform rating in a report on Monday, April 29th.

Shares of Agnico Eagle Mines stock opened at C$69.94 on Friday. The firm has a market cap of $16.42 billion and a P/E ratio of -48.87. Agnico Eagle Mines has a 12 month low of C$42.35 and a 12 month high of C$70.66. The company has a debt-to-equity ratio of 39.54, a current ratio of 2.96 and a quick ratio of 1.21. The business’s fifty day simple moving average is C$65.02.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.07 by C$0.11. The business had revenue of C$707.63 million for the quarter, compared to analyst estimates of C$682.74 million. Equities research analysts predict that Agnico Eagle Mines will post 0.66 EPS for the current fiscal year.

In other news, Senior Officer Marc Legault sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$66.31, for a total value of C$331,570.00. Following the completion of the transaction, the insider now owns 57,570 shares in the company, valued at approximately C$3,817,696.98. Also, Senior Officer R. Gregory Laing sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$66.99, for a total value of C$401,940.00. Following the completion of the transaction, the insider now owns 37,559 shares of the company’s stock, valued at approximately C$2,516,077.41. In the last quarter, insiders have sold 77,195 shares of company stock valued at $4,896,702.

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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