Agnico Eagle Mines Ltd (AEM) Receives Average Rating of “Buy” from Brokerages
Shares of Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$65.83.
A number of research analysts recently commented on the stock. Canaccord Genuity boosted their price objective on shares of Agnico Eagle Mines from C$76.00 to C$77.00 in a research report on Friday, October 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 11th. TD Securities boosted their price objective on shares of Agnico Eagle Mines to C$65.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, National Bank Financial raised shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research report on Sunday, July 23rd.
In other Agnico Eagle Mines news, Director Deborah Mccombe bought 500 shares of Agnico Eagle Mines stock in a transaction on Tuesday, September 19th. The stock was purchased at an average cost of C$58.24 per share, for a total transaction of C$29,120.00. Also, insider Yvon Sylvestre sold 610 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of C$63.50, for a total transaction of C$38,735.00.
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Agnico Eagle Mines (TSE AEM) opened at 56.12 on Wednesday. Agnico Eagle Mines has a 1-year low of $46.91 and a 1-year high of $71.15. The stock has a market cap of $12.98 billion and a P/E ratio of 51.58. The firm’s 50-day moving average is $58.02 and its 200-day moving average is $60.46.
About Agnico Eagle Mines
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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