Agnico Eagle Mines (TSE:AEM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective hoisted by stock analysts at Stifel Nicolaus from C$300.00 to C$350.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 18.78% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. National Bank Financial increased their target price on shares of Agnico Eagle Mines from C$300.00 to C$320.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. set a C$337.00 price objective on shares of Agnico Eagle Mines and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Royal Bank Of Canada lowered shares of Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of C$278.00.

Agnico Eagle Mines Trading Up 2.6%

AEM stock opened at C$294.65 on Tuesday. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The company has a market capitalization of C$147.93 billion, a PE ratio of 43.08, a P/E/G ratio of 22.97 and a beta of 1.54. The firm’s 50-day moving average is C$258.52 and its 200 day moving average is C$230.80. Agnico Eagle Mines has a 12 month low of C$132.96 and a 12 month high of C$305.68.

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

Insider Activity at Agnico Eagle Mines

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

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