Stifel Nicolaus Issues Positive Forecast for Agnico Eagle Mines (TSE:AEM) Stock Price

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM had its price target hoisted by equities researchers at Stifel Nicolaus from C$165.00 to C$185.00 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus' price objective points to a potential upside of 12.48% from the stock's current price.

Other analysts also recently issued reports about the company. National Bankshares raised their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. UBS Group cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines to C$105.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. BMO Capital Markets raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and an average price target of C$138.00.

Agnico Eagle Mines Trading Down 0.8 %

AEM stock traded down C$1.32 during midday trading on Monday, reaching C$164.47. 753,750 shares of the company traded hands, compared to its average volume of 1,088,911. The firm has a market capitalization of C$58.15 billion, a price-to-earnings ratio of 57.78, a P/E/G ratio of 22.97 and a beta of 1.10. 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 business has a 50 day moving average of C$150.57 and a 200-day moving average of C$131.10. Agnico Eagle Mines has a 52-week low of C$86.66 and a 52-week high of C$175.33.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total value of C$787,455.00. Also, Senior Officer Dominique Girard sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$148.32, for a total transaction of C$1,483,200.00. Over the last quarter, insiders sold 26,625 shares of company stock worth $3,958,905. 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.