Agnico Eagle Mines (TSE:AEM) PT Raised to C$91.00
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective boosted by investment analysts at National Bank Financial from C$86.00 to C$91.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 16.15% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Eight Capital increased their price objective on shares of Agnico Eagle Mines from C$65.00 to C$93.00 in a research report on Thursday, August 8th. Canaccord Genuity raised their price target on shares of Agnico Eagle Mines from C$79.00 to C$83.00 in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price target on shares of Agnico Eagle Mines from C$65.00 to C$68.00 in a research report on Monday, July 8th. Finally, BMO Capital Markets set a C$48.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, April 29th.
TSE:AEM traded up C$0.76 during trading hours on Wednesday, hitting C$78.35. The stock had a trading volume of 985,539 shares, compared to its average volume of 841,000. The company has a debt-to-equity ratio of 38.88, a quick ratio of 0.46 and a current ratio of 1.29. Agnico Eagle Mines has a 1-year low of C$42.35 and a 1-year high of C$80.48. The firm has a 50 day simple moving average of C$70.33. The company has a market capitalization of $18.45 billion and a P/E ratio of -58.97.
Agnico Eagle Mines Company Profile
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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