Agnico Eagle Mines (TSE:AEM) PT Set at C$337.00 by JPMorgan Chase & Co.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) has been assigned a C$337.00 price objective by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 30.20% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus boosted 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. National Bankshares lifted their target price on shares of Agnico Eagle Mines from C$285.00 to C$300.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada downgraded Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$260.50.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at C$258.84 on Thursday. Agnico Eagle Mines has a fifty-two week low of C$132.96 and a fifty-two week high of C$305.68. The company has a market capitalization of C$129.95 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 22.97 and a beta of 1.42. The stock has a fifty day moving average of C$252.72 and a two-hundred day moving average of C$224.41. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$3.01 EPS for the quarter. The firm had revenue of C$4.26 billion during the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. On average, analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider James Porter sold 3,000 shares of Agnico Eagle Mines stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total value of C$742,260.00. Following the transaction, the insider owned 7,734 shares in the company, valued at approximately C$1,913,546.28. This trade represents a 27.95% decrease in their ownership of the stock. Also, insider Ammar Al-Joundi sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$243.40, for a total value of C$4,868,000.00. Following the sale, the insider directly owned 54,917 shares of the company’s stock, valued at approximately C$13,366,797.80. This trade represents a 26.70% decrease in their position. 0.08% of the stock is owned by company insiders.

About Agnico Eagle Mines

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. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.