Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective upped by equities research analysts at Canaccord Genuity from C$77.00 to C$81.00 in a research note issued on Friday. Canaccord Genuity’s price target suggests a potential upside of 40.04% from the company’s previous close.
Several other research analysts have also recently weighed in on AEM. Desjardins restated a “buy” rating and set a C$60.00 target price on shares of Agnico Eagle Mines in a report on Monday, December 11th. Eight Capital restated a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$66.71.
Shares of Agnico Eagle Mines (TSE:AEM) traded down C$0.15 during trading on Friday, hitting C$57.84. The stock had a trading volume of 733,081 shares, compared to its average volume of 673,887. The firm has a market cap of $13,440.00, a PE ratio of 39.89 and a beta of -1.15. Agnico Eagle Mines has a fifty-two week low of C$52.36 and a fifty-two week high of C$68.76.
In other Agnico Eagle Mines news, Director Sean Riley sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of C$58.49, for a total value of C$58,490.00. Also, insider Marc Legault sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$55.35, for a total value of C$1,107,000.00. In the last three months, insiders sold 41,000 shares of company stock worth $2,295,090.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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