Brokerages Set Agnico Eagle Mines Ltd (TSE:AEM) Price Target at $66.50

Shares of Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) have received an average recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$66.50.

A number of brokerages have recently issued reports on AEM. Scotiabank reaffirmed an “outperform” rating and issued a C$77.00 price target on shares of Agnico Eagle Mines in a research note on Friday, April 28th. TD Securities reaffirmed a “hold” rating and issued a C$65.00 price target on shares of Agnico Eagle Mines in a research note on Friday, April 28th. Royal Bank Of Canada lifted their price target on Agnico Eagle Mines to C$70.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$46.00 price target on shares of Agnico Eagle Mines in a research note on Tuesday, March 28th.

In other news, insider Louise Grondin sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of C$65.00, for a total value of C$650,000.00. Also, insider Don Allan sold 35,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of C$64.05, for a total value of C$2,241,750.00. Insiders have sold 104,750 shares of company stock worth $6,816,930 in the last three months.

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Agnico Eagle Mines (AEM) traded up 1.47% on Monday, hitting $57.41. The stock had a trading volume of 502,283 shares. The company has a market cap of $13.22 billion and a PE ratio of 63.79. The company has a 50-day moving average of $60.78 and a 200 day moving average of $60.88. Agnico Eagle Mines has a 12 month low of $46.91 and a 12 month high of $78.35.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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