Agnico Eagle Mines (TSE:AEM) Shares Cross Above 200 Day Moving Average of $75.57

Shares of Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $75.57 and traded as high as $77.44. Agnico Eagle Mines shares last traded at $76.16, with a volume of 281,531 shares trading hands.

A number of analysts recently commented on AEM shares. Canaccord Genuity dropped their price target on shares of Agnico Eagle Mines from C$98.00 to C$95.00 in a research note on Wednesday. National Bank Financial dropped their price target on shares of Agnico Eagle Mines from C$102.00 to C$99.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th.

The company has a market capitalization of $18.34 billion and a PE ratio of -73.49. The company has a debt-to-equity ratio of 37.73, a quick ratio of 0.58 and a current ratio of 1.42. The stock’s 50 day moving average is C$79.01 and its 200 day moving average is C$75.82.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C$0.49 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.35 by C$0.14. The business had revenue of C$901.66 million for the quarter. On average, equities research analysts forecast that Agnico Eagle Mines Ltd will post 0.66 EPS for the current fiscal year.

In related news, Senior Officer David Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$80.69, for a total transaction of C$806,900.00. Following the sale, the insider now owns 71,525 shares of the company’s stock, valued at approximately C$5,771,352.25. Also, Senior Officer R. Gregory Laing sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of C$80.63, for a total transaction of C$201,570.00. Following the sale, the insider now directly owns 38,138 shares in the company, valued at approximately C$3,074,990.66. Insiders have sold a total of 101,281 shares of company stock worth $8,050,316 in the last ninety days.

Agnico Eagle Mines Company Profile (TSE:AEM)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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