National Bankshares Forecasts Strong Price Appreciation for Agnico Eagle Mines (TSE:AEM) Stock

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target upped by equities researchers at National Bankshares from C$160.00 to C$190.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 26.57% from the stock’s previous close.

Separately, Royal Bank of Canada boosted their price target on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$128.71.

Agnico Eagle Mines Trading Down 0.8 %

AEM traded down C$1.22 during trading on Wednesday, hitting C$150.11. The company’s stock had a trading volume of 328,537 shares, compared to its average volume of 1,004,573. Agnico Eagle Mines has a twelve month low of C$73.43 and a twelve month high of C$153.94. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The stock’s fifty day moving average price is C$135.66 and its 200-day moving average price is C$121.51. The firm has a market capitalization of C$53.08 billion, a P/E ratio of 52.74, a PEG ratio of 22.97 and a beta of 1.10.

Insider Transactions at Agnico Eagle Mines

In other news, Director Martine Celej sold 2,208 shares of Agnico Eagle Mines stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total transaction of C$246,942.72. Also, Senior Officer Guy Gosselin sold 22,500 shares of Agnico Eagle Mines stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total value of C$2,740,500.00. Insiders have sold 80,269 shares of company stock valued at $9,879,772 over the last ninety days. 0.08% of the stock is owned by company insiders.

About Agnico Eagle Mines

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.