Agnico Eagle Mines (TSE:AEM) Upgraded by TD Securities to "Strong-Buy" Rating

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM was upgraded by stock analysts at TD Securities to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Several other brokerages also recently commented on AEM. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating in a report on Monday, June 30th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Finally, UBS Group cut Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. One research analyst has rated the stock with a hold rating, two have given a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of "Strong Buy" and an average target price of C$152.00.

Agnico Eagle Mines Trading Down 0.9%

Shares of Agnico Eagle Mines stock traded down C$1.41 on Thursday, hitting C$161.61. The stock had a trading volume of 731,507 shares, compared to its average volume of 1,037,773. The stock has a 50 day moving average of C$161.95 and a 200 day moving average of C$150.25. Agnico Eagle Mines has a twelve month low of C$99.05 and a twelve month high of C$175.33. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The firm has a market capitalization of C$57.14 billion, a P/E ratio of 56.78, a PEG ratio of 22.97 and a beta of 1.10.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Guy Gosselin sold 3,527 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$157.50, for a total value of C$555,502.50. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$170.54, for a total value of C$852,700.00. Insiders have sold 45,632 shares of company stock valued at $7,657,810 over the last 90 days. Company 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.