Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target trimmed by National Bank Financial from C$102.00 to C$99.00 in a research note published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other brokerages also recently issued reports on AEM. Eight Capital increased their price target on shares of Agnico Eagle Mines from C$65.00 to C$93.00 in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Agnico Eagle Mines from C$68.00 to C$83.00 in a report on Wednesday, August 14th.
Agnico Eagle Mines stock traded up C$1.48 during trading hours on Monday, reaching C$79.83. 568,012 shares of the stock were exchanged, compared to its average volume of 828,691. The stock has a market cap of $18.55 billion and a P/E ratio of -74.74. The company has a debt-to-equity ratio of 37.73, a quick ratio of 0.58 and a current ratio of 1.42. Agnico Eagle Mines has a 52-week low of C$45.43 and a 52-week high of C$86.39. The firm’s 50 day moving average is C$74.28 and its 200 day moving average is C$69.98.
In other news, Senior Officer Jean Robitaille sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$81.60, for a total value of C$408,000.00. Following the completion of the transaction, the insider now owns 59,230 shares in the company, valued at approximately C$4,833,168. Also, Senior Officer R. Gregory Laing sold 2,500 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of C$80.63, for a total transaction of C$201,570.00. Following the completion of the transaction, the insider now owns 38,138 shares of the company’s stock, valued at approximately C$3,074,990.66. Insiders sold a total of 47,231 shares of company stock valued at $3,813,415 in the last quarter.
About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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