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

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective increased by equities research analysts at TD Securities from C$241.00 to C$251.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential downside of 16.98% from the stock’s current price.

Other analysts also recently issued research reports about 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 report on Wednesday, February 4th. 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. Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. set a C$337.00 price objective on shares of Agnico Eagle Mines and gave the stock a “neutral” rating in a report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$272.60.

Agnico Eagle Mines Stock Up 4.1%

Shares of TSE AEM opened at C$302.34 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 50-day moving average price of C$264.61 and a 200-day moving average price of C$235.02. The stock has a market capitalization of C$151.26 billion, a P/E ratio of 34.12, a P/E/G ratio of 22.97 and a beta of 1.54. Agnico Eagle Mines has a 1 year low of C$132.96 and a 1 year high of C$305.68.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Friday, February 13th. The company reported C$3.71 earnings per share for the quarter. The business had revenue of C$4.89 billion for the quarter. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 5.05%. On average, equities research analysts forecast that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Insider Activity

In related news, insider Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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. Also, insider James Porter sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$247.42, for a total transaction of C$742,260.00. Following the sale, the insider directly owned 7,734 shares in the company, valued at C$1,913,546.28. The trade was a 27.95% decrease in their position. 0.08% of the stock is 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.