Royal Bank of Canada Raises Agnico Eagle Mines (TSE:AEM) Price Target to C$105.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective raised by equities research analysts at Royal Bank of Canada to C$105.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 26.06% from the company’s current price.

Agnico Eagle Mines Trading Up 1.4 %

Agnico Eagle Mines stock opened at C$142.01 on Thursday. The firm has a market capitalization of C$50.21 billion, a price-to-earnings ratio of 49.89, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12-month low of C$72.65 and a 12-month high of C$145.25. The firm has a 50 day moving average of C$130.56 and a 200 day moving average of C$119.25. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Insider Activity

In related news, Senior Officer Guy Gosselin sold 22,500 shares of the company’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total value of C$2,740,500.00. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$2,005,962.24. Insiders sold 70,269 shares of company stock valued at $8,396,572 in the last ninety days. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

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.