Agnico Eagle Mines Ltd (AEM) Rating Reiterated by Royal Bank Of Canada

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank Of Canada in a research report issued on Monday.

A number of other analysts have also recently commented on AEM. TD Securities upped their target price on shares of Agnico Eagle Mines to C$65.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Canaccord Genuity upped their target price on shares of Agnico Eagle Mines from C$72.00 to C$73.00 in a report on Thursday, July 27th. Finally, National Bank Financial raised shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a report on Sunday, July 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$66.13.

Agnico Eagle Mines (AEM) opened at 60.41 on Monday. Agnico Eagle Mines has a 12-month low of $46.91 and a 12-month high of $74.57. The company has a market capitalization of $13.97 billion and a P/E ratio of 55.52. The company has a 50-day moving average of $59.60 and a 200 day moving average of $60.33.

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In other news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of C$58.00, for a total value of C$58,000.00. Also, insider Yvon Sylvestre sold 610 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of C$63.50, for a total transaction of C$38,735.00.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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