Agnico Eagle Mines (TSE:AEM) Given New C$83.00 Price Target at JPMorgan Chase & Co.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price lifted by analysts at JPMorgan Chase & Co. from C$68.00 to C$83.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.04% from the company’s previous close.

Other analysts also recently issued research reports about the company. National Bank Financial lifted their target price on Agnico Eagle Mines from C$86.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity lifted their target price on Agnico Eagle Mines from C$79.00 to C$83.00 in a research note on Friday, July 19th. BMO Capital Markets set a C$48.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Eight Capital lifted their target price on Agnico Eagle Mines from C$65.00 to C$93.00 in a research note on Thursday, August 8th.

TSE:AEM traded up C$0.68 during midday trading on Wednesday, reaching C$78.27. 1,022,959 shares of the company traded hands, compared to its average volume of 841,198. Agnico Eagle Mines has a twelve month low of C$42.35 and a twelve month high of C$80.48. The stock has a market capitalization of $18.45 billion and a price-to-earnings ratio of -58.83. The company has a quick ratio of 0.46, a current ratio of 1.29 and a debt-to-equity ratio of 38.88. The firm has a fifty day moving average of C$70.33.

In other news, Senior Officer Yvon Sylvestre sold 5,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$57.40, for a total value of C$287,000.00. Following the sale, the insider now owns 2,471 shares of the company’s stock, valued at approximately C$141,835.40. Also, Director James D. Nasso sold 14,095 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$66.00, for a total value of C$930,316.51. Insiders have sold a total of 109,195 shares of company stock worth $7,253,442 in the last ninety days.

About Agnico Eagle Mines

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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