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

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

AEM has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Finally, National Bankshares boosted their target price on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of C$128.71.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM opened at C$155.91 on Monday. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The business’s fifty day moving average price is C$141.13 and its two-hundred day moving average price is C$124.19. Agnico Eagle Mines has a fifty-two week low of C$81.75 and a fifty-two week high of C$157.88. The stock has a market capitalization of C$55.13 billion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Insider Transactions at Agnico Eagle Mines

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, Senior Officer Ammar Al-Joundi sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.94, for a total value of C$2,378,852.00. Insiders sold a total of 71,125 shares of company stock worth $9,315,117 in the last quarter. 0.08% of the stock is owned by company insiders.

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.