National Bankshares Forecasts Strong Price Appreciation for Agnico Eagle Mines (TSE:AEM) Stock

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price hoisted by analysts at National Bankshares from C$160.00 to C$190.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 25.93% from the company’s current price.

Separately, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$128.71.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM opened at C$150.88 on Wednesday. The company has a market capitalization of C$53.35 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12 month low of C$75.74 and a 12 month high of C$153.94. The firm’s 50-day moving average is C$136.87 and its 200 day moving average is C$122.06. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Insider Transactions at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. In the last quarter, insiders sold 80,269 shares of company stock valued at $9,879,772. 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.