Agnico Eagle Mines (TSE:AEM) Upgraded to “Strong-Buy” at Stifel Canada

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by Stifel Canada to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2028 earnings at $3.75 EPS.

Several other analysts have also recently commented on the company. National Bankshares lifted their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$128.71.

Agnico Eagle Mines Price Performance

AEM stock opened at C$151.13 on Wednesday. The stock has a market capitalization of C$53.44 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. Agnico Eagle Mines has a 52-week low of C$73.43 and a 52-week high of C$153.94. The stock’s fifty day simple moving average is C$136.29 and its 200-day simple moving average is C$121.79.

Insider Transactions at Agnico Eagle Mines

In other news, Senior Officer Ammar Al-Joundi sold 17,936 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Also, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00. Insiders sold 80,269 shares of company stock valued at $9,879,772 over the last quarter. Company insiders own 0.08% of the company’s stock.

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.