Agnico Eagle Mines Ltd (AEM) Given New C$72.00 Price Target at Desjardins
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) had its price objective decreased by stock analysts at Desjardins from C$76.00 to C$72.00 in a research note issued to investors on Friday. Desjardins’ price target indicates a potential upside of 16.77% from the company’s current price.
Several other equities research analysts have also recently weighed in on AEM. Scotiabank set a C$58.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Friday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Thursday. TD Securities reissued a “hold” rating and issued a C$61.00 price target on shares of Agnico Eagle Mines in a research note on Monday, October 31st. Raymond James Financial, Inc. raised Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 25th. Finally, Canaccord Genuity increased their price target on Agnico Eagle Mines from C$75.00 to C$77.00 in a research note on Friday, February 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$62.75.
Agnico Eagle Mines (TSE:AEM) traded down 0.71% on Friday, hitting $61.22. 370,017 shares of the company were exchanged. Agnico Eagle Mines has a 52-week low of $44.07 and a 52-week high of $78.35. The firm has a 50 day moving average of $61.54 and a 200-day moving average of $63.61. The stock has a market cap of $13.75 billion and a PE ratio of 171.97.
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In related news, insider Yvon Sylvestre sold 922 shares of the company’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of C$60.99, for a total transaction of C$56,232.78. Also, insider Ammar Al-Joundi bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 13th. The shares were acquired at an average price of C$60.62 per share, for a total transaction of C$121,240.00.
Agnico Eagle Mines Company Profile
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.
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