Agnico Eagle Mines (TSE:AEM) Sets New 1-Year High – Here’s What Happened

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$122.65 and last traded at C$122.59, with a volume of 332902 shares changing hands. The stock had previously closed at C$120.52.

Analyst Upgrades and Downgrades

AEM has been the subject of several analyst reports. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Eight Capital increased their price objective on Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. Canaccord Genuity Group increased their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of C$110.29.

Agnico Eagle Mines Trading Down 2.0 %

The stock has a 50-day simple moving average of C$111.36 and a 200 day simple moving average of C$99.47. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The company has a market cap of C$60.21 billion, a price-to-earnings ratio of 75.11, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.35 by C$0.21. The business had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Insider Activity

In related news, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total value of C$223,680.00. In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. Also, Director John Merfyn Roberts sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$111.84, for a total value of C$223,680.00. Insiders sold a total of 115,000 shares of company stock valued at $12,518,150 in the last quarter. 0.08% of the stock is currently owned by company insiders.

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.