Agnico Eagle Mines (TSE:AEM) Given New C$300.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised the target price for Agnico Eagle Mines from C$195.00 to C$300.00, indicating a potential upside of 19.91% from the current price.
• The stock has received multiple upgrades, with five analysts rating it as a Strong Buy and an average price target of C$198.33.
• Agnico Eagle Mines shares saw an increase in value during trading, up by C$5.78 to reach C$250.19, with a market capitalization of C$125.97 billion.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM had its target price raised by stock analysts at Stifel Nicolaus from C$195.00 to C$300.00 in a research report issued on Monday,BayStreet.CA reports. Stifel Nicolaus' target price would suggest a potential upside of 19.91% from the company's current price.

Several other research analysts have also commented on AEM. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating in a report on Monday, June 30th. Five research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Strong Buy" and an average price target of C$198.33.

Agnico Eagle Mines Price Performance

Shares of TSE AEM traded up C$5.78 during midday trading on Monday, reaching C$250.19. The company's stock had a trading volume of 331,403 shares, compared to its average volume of 1,014,145. Agnico Eagle Mines has a one year low of C$105.23 and a one year high of C$263.23. The company has a 50 day moving average price of C$213.12 and a 200 day moving average price of C$180.80. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The company has a market cap of C$125.97 billion, a price-to-earnings ratio of 42.55, a price-to-earnings-growth ratio of 22.97 and a beta of 1.24.

Insider Activity

In other news, insider Jean Robitaille sold 3,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of C$235.00, for a total value of C$705,000.00. Following the completion of the sale, the insider owned 1,000 shares of the company's stock, valued at approximately C$235,000. The trade was a 75.00% decrease in their ownership of the stock. Insiders own 0.08% of the company's stock.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.

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