Raymond James Financial Upgrades Agnico Eagle Mines (TSE:AEM) to “Moderate Buy”

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) was upgraded by Raymond James Financial to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on AEM. Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. Stifel Nicolaus lifted their target price on Agnico Eagle Mines from C$185.00 to C$195.00 in a report on Monday, April 28th. UBS Group downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 31st. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating, two have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$144.60.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$162.24 on Monday. Agnico Eagle Mines has a 1 year low of C$88.68 and a 1 year high of C$175.33. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The firm has a 50 day moving average price of C$161.61 and a 200 day moving average price of C$145.79. The company has a market cap of C$57.37 billion, a price-to-earnings ratio of 57.00, a PEG ratio of 22.97 and a beta of 1.10.

Insider Buying and Selling at Agnico Eagle Mines

In related news, Director Sean Boyd sold 5,200 shares of the firm’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of C$161.51, for a total transaction of C$839,852.00. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the business’s stock in a transaction on 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. In the last quarter, insiders sold 45,632 shares of company stock valued at $7,657,810. 0.08% of the stock is owned by company insiders.

About Agnico Eagle Mines

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.