Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by TD Securities

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by analysts at TD Securities to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

AEM has been the topic of a number of other reports. Raymond James Financial raised shares of Agnico Eagle Mines to a “moderate buy” rating in a research report on Monday, June 30th. BMO Capital Markets upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, April 15th. National Bankshares lifted 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 report on Wednesday, March 19th. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$185.00 to C$195.00 in a report on Monday, April 28th. Finally, Cfra Research raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$152.00.

Agnico Eagle Mines Trading Down 0.9%

TSE AEM opened at C$161.61 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The firm has a market capitalization of C$57.14 billion, a P/E ratio of 56.78, a PEG ratio of 22.97 and a beta of 1.10. The business has a fifty day simple moving average of C$161.95 and a 200 day simple moving average of C$149.99. Agnico Eagle Mines has a 12 month low of C$99.05 and a 12 month high of C$175.33.

Insider Activity

In other Agnico Eagle Mines news, Senior Officer Guy Gosselin sold 3,527 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of C$157.50, for a total transaction of C$555,502.50. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$169.00, for a total transaction of C$3,379,960.00. Over the last three months, insiders have sold 45,632 shares of company stock worth $7,657,810. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.