Agnico Eagle Mines (TSE:AEM) Upgraded at Stifel Canada

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2028 earnings at $3.75 EPS.

Several other brokerages have also recently issued reports on AEM. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. National Bankshares upped their target price on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of C$128.71.

Agnico Eagle Mines Trading Down 0.2 %

TSE AEM opened at C$150.88 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 52 week low of C$75.74 and a 52 week high of C$153.94. The stock has a market capitalization of C$53.35 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The firm has a 50 day moving average of C$136.87 and a two-hundred day moving average of C$122.06.

Insider Buying and Selling

In related news, Senior Officer Guy Gosselin sold 22,500 shares of the stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Insiders sold a total of 80,269 shares of company stock worth $9,879,772 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.