Agnico Eagle Mines (TSE:AEM) Reaches New 52-Week High – Here’s What Happened

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$131.75 and last traded at C$129.63, with a volume of 178880 shares trading hands. The stock had previously closed at C$129.50.

Analysts Set New Price Targets

AEM has been the topic of several research reports. National Bankshares upped their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$116.00.

Agnico Eagle Mines Trading Up 0.4 %

The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The company has a market capitalization of C$65.12 billion, a price-to-earnings ratio of 81.24, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a 50-day moving average price of C$118.71 and a 200-day moving average price of C$112.08.

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

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 15,072 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$110.27, for a total transaction of C$1,661,989.44. In the last 90 days, insiders have sold 124,616 shares of company stock worth $14,417,931. 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.