Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by UBS Group

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by research analysts at UBS Group to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports.

Several other equities research analysts have also recently weighed in on AEM. Canaccord Genuity Group upped their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Monday, June 24th. Cormark boosted their price target on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday, June 24th. Finally, Eight Capital upped their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$105.14.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM opened at C$110.78 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$114.76. The company has a market capitalization of C$55.50 billion, a price-to-earnings ratio of 71.01, a PEG ratio of 22.97 and a beta of 1.10. The firm’s 50-day moving average is C$105.23 and its 200 day moving average is C$92.14.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, beating the consensus estimate of C$1.27 by C$0.19. The company had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Research analysts predict that Agnico Eagle Mines will post 5.3998976 EPS for the current year.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total transaction of C$89,267.00. In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total transaction of C$89,267.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total value of C$2,546,250.00. Insiders sold a total of 101,000 shares of company stock worth $10,906,117 over the last three months. 0.08% of the stock is currently owned by 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.