Agnico Eagle Mines (TSE:AEM) PT Lowered to C$95.00 at Canaccord Genuity

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price lowered by Canaccord Genuity from C$98.00 to C$95.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Separately, National Bank Financial lowered their target price on Agnico Eagle Mines from C$102.00 to C$99.00 and set an outperform rating for the company in a research report on Monday, November 18th.

Shares of TSE AEM traded up C$0.02 during midday trading on Wednesday, reaching C$78.65. 261,326 shares of the stock traded hands, compared to its average volume of 730,914. The company has a debt-to-equity ratio of 37.73, a current ratio of 1.42 and a quick ratio of 0.58. The stock has a market capitalization of $18.70 billion and a PE ratio of -73.46. Agnico Eagle Mines has a one year low of C$51.39 and a one year high of C$86.39. The company’s 50 day moving average is C$79.01 and its 200 day moving average is C$75.82.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, October 23rd. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.35 by C$0.14. The firm had revenue of C$901.66 million for the quarter. As a group, equities analysts forecast that Agnico Eagle Mines will post 0.66 EPS for the current year.

In related news, Director Sean Boyd sold 44,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$78.97, for a total transaction of C$3,474,680.00. Following the sale, the director now owns 157,690 shares in the company, valued at approximately C$12,452,779.30. Also, Senior Officer Don Allan sold 10,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$81.61, for a total value of C$816,098.00. Following the sale, the insider now owns 26,706 shares in the company, valued at approximately C$2,179,471.32. Insiders have sold a total of 101,281 shares of company stock valued at $8,050,316 over the last quarter.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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