National Bankshares Boosts Agnico Eagle Mines (TSE:AEM) Price Target to C$300.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price raised by stock analysts at National Bankshares from C$285.00 to C$300.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 32.49% from the stock’s previous close.

Separately, Stifel Nicolaus increased their price objective on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research report on Monday, October 20th. Five equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Strong Buy” and an average price target of C$235.00.

Agnico Eagle Mines Price Performance

TSE:AEM opened at C$226.44 on Tuesday. The business’s 50-day moving average is C$233.30 and its 200 day moving average is C$200.47. Agnico Eagle Mines has a 12 month low of C$110.70 and a 12 month high of C$263.23. The company has a market capitalization of C$113.68 billion, a P/E ratio of 33.11, a P/E/G ratio of 22.97 and a beta of 1.28. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$2.16 earnings per share (EPS) for the quarter. The business had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. On average, equities research analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Insider Transactions at Agnico Eagle Mines

In other news, insider Jean Robitaille sold 3,000 shares of Agnico Eagle Mines stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of C$235.00, for a total value of C$705,000.00. Following the transaction, the insider directly owned 1,000 shares in the company, valued at approximately C$235,000. This trade represents a 75.00% decrease in their position. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.