Agnico Eagle Mines (TSE:AEM) Hits New 12-Month High – Should You Buy?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares hit a new 52-week high on Wednesday . The stock traded as high as C$142.39 and last traded at C$141.35, with a volume of 601598 shares. The stock had previously closed at C$136.82.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. National Bankshares lifted their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$116.00.

Agnico Eagle Mines Trading Up 2.6 %

The stock has a market cap of C$70.30 billion, a price-to-earnings ratio of 87.69, a PEG ratio of 22.97 and a beta of 1.10. The business’s 50 day simple moving average is C$120.58 and its 200 day simple moving average is C$113.54. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94.

Insider Buying and Selling

In related news, Senior Officer Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$118.94, for a total transaction of C$2,378,852.00. Also, Senior Officer Jean Robitaille sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$122.00, for a total transaction of C$1,220,000.00. Over the last 90 days, insiders sold 114,616 shares of company stock worth $13,256,431. Company insiders own 0.08% of the company’s stock.

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.