National Bank Financial Increases Agnico Eagle Mines (TSE:AEM) Price Target to C$130.00

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Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target hoisted by National Bank Financial from C$110.00 to C$130.00 in a research note published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on AEM. Cormark raised their price objective on Agnico Eagle Mines from C$114.00 to C$120.00 in a research report on Friday, July 31st. Eight Capital upped their target price on Agnico Eagle Mines from C$95.00 to C$105.00 in a research note on Monday, July 20th. Finally, Canaccord Genuity lifted their price target on shares of Agnico Eagle Mines from C$94.00 to C$106.00 in a research note on Wednesday, May 20th.

TSE AEM opened at C$106.68 on Monday. Agnico Eagle Mines has a twelve month low of C$43.25 and a twelve month high of C$112.37. The stock has a market cap of $26.78 billion and a PE ratio of 51.96. The firm has a 50-day simple moving average of C$97.35 and a 200 day simple moving average of C$81.18. The company has a debt-to-equity ratio of 36.76, a quick ratio of 1.39 and a current ratio of 3.27.

In other Agnico Eagle Mines news, Senior Officer Marc Legault sold 10,000 shares of Agnico Eagle Mines stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$111.07, for a total transaction of C$1,110,700.00. Following the completion of the transaction, the insider now directly owns 65,824 shares of the company’s stock, valued at C$7,311,071.68. Also, Director Mel Leiderman sold 826 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$87.69, for a total transaction of C$72,431.94. Following the completion of the sale, the director now owns 13,000 shares in the company, valued at approximately C$1,139,970. In the last 90 days, insiders have sold 32,622 shares of company stock valued at $3,395,685.

About Agnico Eagle Mines

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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