Agnico Eagle Mines (TSE:AEM) Hits New 1-Year High – What’s Next?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$131.75 and last traded at C$129.63, with a volume of 178880 shares changing hands. The stock had previously closed at C$129.50.

Wall Street Analyst Weigh In

AEM has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. National Bankshares increased their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and an average target price of C$116.00.

Agnico Eagle Mines Stock Performance

The business’s fifty day moving average price is C$119.39 and its two-hundred day moving average price is C$112.66. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The stock has a market capitalization of C$67.68 billion, a P/E ratio of 84.43, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.35 by C$0.21. The business had revenue of C$2.94 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Insider Buying and Selling

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$118.43, for a total value of C$236,860.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. Insiders sold a total of 124,616 shares of company stock worth $14,417,931 over the last three months. 0.08% of the stock is 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.