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.

In other Agnico Eagle Mines news, Senior Officer Don Allan sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$70.82, for a total value of C$1,133,120.00. Following the sale, the insider now directly owns 39,566 shares in the company, valued at C$2,802,064.12. Also, Senior Officer Yvon Sylvestre sold 5,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$57.40, for a total value of C$287,000.00. Following the completion of the sale, the insider now owns 2,471 shares in the company, valued at C$141,835.40. Insiders have sold 109,195 shares of company stock valued at $7,253,442 in the last three months.

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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