Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) had its price objective raised by analysts at Eight Capital from C$105.00 to C$115.00 in a report released on Thursday, BayStreet.CA reports. Eight Capital’s price objective indicates a potential upside of 12.30% from the company’s current price.
AEM has been the subject of several other research reports. National Bankshares set a C$104.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, June 24th. Canaccord Genuity Group upped their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Cormark upped their price objective on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. Finally, Veritas Investment Research increased their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$101.88.
Get Our Latest Research Report on Agnico Eagle Mines
Agnico Eagle Mines Price Performance
Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.20 billion. On average, equities research analysts predict that Agnico Eagle Mines will post 4.3937412 EPS for the current year.
Insider Activity
In other news, Senior Officer Guy Gosselin sold 22,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00. In related news, Senior Officer Guy Gosselin sold 22,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00. Also, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$91.76, for a total transaction of C$91,760.00. Insiders have sold a total of 163,279 shares of company stock valued at $14,798,903 over the last quarter. Corporate insiders own 0.09% 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.
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