Canaccord Genuity Boosts Agnico Eagle Mines (AEM) Price Target to C$81.00
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective increased by analysts at Canaccord Genuity from C$77.00 to C$81.00 in a research note issued to investors on Friday. Canaccord Genuity’s price objective would suggest a potential upside of 39.68% from the company’s previous close.
Other analysts also recently issued research reports about the company. Eight Capital reissued a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Desjardins reissued a “buy” rating and issued a C$60.00 price target on shares of Agnico Eagle Mines in a report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$66.71.
Shares of Agnico Eagle Mines (TSE:AEM) traded down C$0.96 during midday trading on Friday, reaching C$57.99. The company’s stock had a trading volume of 726,354 shares, compared to its average volume of 669,334. Agnico Eagle Mines has a 12-month low of C$52.36 and a 12-month high of C$68.76. The firm has a market cap of $13,480.00, a price-to-earnings ratio of 39.99 and a beta of -1.15.
In related news, insider Jean Robitaille sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of C$56.48, for a total value of C$1,129,600.00.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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