According to Bloomberg, all ten research analysts who follow Agnico Eagle Mines Limited (TSE: AEM) (NYSE: AEM) have given the company’s shares an overall “buy” recommendation. An investor ought to purchase the stock if they want to follow the advice of all five of the analysts’ recommendations. The price objective for the next twelve months has been established by analysts who have written research on the stock over the previous year at an average of 75.00 Canadian dollars. This price objective will be in effect until the end of the next year.
In recent weeks, several research specialists have released reports on the AEM stock they have been following. In a research note published on Friday, October 28, Cormark announced that they had increased their price target on Agnico Eagle Mines shares from C$73.00 (the previous target) to C$77.00 (which is the new target). Citigroup reaffirmed its “outperform” rating on shares of Agnico Eagle Mines in a report published on September 30. The brokerage firm also established a price objective of $50.00 per share for the company’s stock. In a report disseminated on Thursday, October 20, Canaccord Genuity Group stated that they had decreased their price target on Agnico Eagle Mines from C$91.00 to C$84.00. The report concerned the company’s stock. In a report made public on November 1, National Bankshares lowered both their “outperform” rating for Agnico Eagle Mines and their target price, which had previously been set at C$79.00 but was now lowered to C$75.00. This change was made. Eight Capital decreased their price objective on Agnico Eagle Mines shares from C$86.00 to C$85.00 in a research note published on Wednesday, October 26. The final and most significant adjustment was made here.
Additional information about Agnico Eagle Mines includes that Senior Officer Jean Robitaille decided on December 1 to sell 8,000 shares of the company’s stock. In the market, 562 thousand Canadian dollars’ worth of shares were traded at an average price of 70.25 per share. Following the successful transaction completion, the company insider now directly owns 111,986 shares of the company’s stock, which together have a value of $7,867,016.50.
The TSE: AEM stock began trading for C$69.95 on Friday. The company has a price-to-earnings ratio of 37.01 and a market capitalization of 31.89 billion Canadian dollars. Over the last year and a half, Agnico Eagle Mines’ share price has ranged from a low of 48.88 Canadian dollars to a high of 84.66 Canadian dollars. A debt-to-equity ratio of 9.12, a quick ratio of 0.89, and a ratio of 2.17 for current assets to current liabilities are all desirable numbers to have. This company’s moving average for the previous fifty days is currently sitting at $63.28,