Agnico Eagle Mines (TSE:AEM) Rating Lowered to Hold at UBS Group

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was downgraded by equities researchers at UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada raised their target price on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. National Bankshares increased their price target on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$128.71.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$154.86 on Monday. Agnico Eagle Mines has a 52-week low of C$81.75 and a 52-week high of C$158.10. 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 stock has a market capitalization of C$54.76 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 22.97 and a beta of 1.10. The stock’s 50 day moving average price is C$141.69 and its two-hundred day moving average price is C$124.54.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Guy Gosselin sold 22,500 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total value of C$2,740,500.00. Also, Director John Merfyn Roberts sold 2,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total transaction of C$236,860.00. In the last ninety days, insiders sold 71,125 shares of company stock worth $9,315,117. 0.08% of the stock is currently owned by company insiders.

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.