Agnico Eagle Mines (TSE:AEM) Receiving Positive News Coverage, Study Finds

News coverage about Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) has trended positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Agnico Eagle Mines earned a coverage optimism score of 3.00 on their scale. InfoTrie also gave media headlines about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Agnico Eagle Mines’ score:

Several brokerages recently issued reports on AEM. Eight Capital boosted their price objective on Agnico Eagle Mines from C$95.00 to C$105.00 in a research report on Monday, July 20th. Cormark boosted their target price on Agnico Eagle Mines from C$114.00 to C$120.00 in a research note on Friday, July 31st. Finally, National Bank Financial boosted their target price on Agnico Eagle Mines from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research note on Monday, August 17th.

Shares of Agnico Eagle Mines stock traded up C$1.56 on Thursday, reaching C$107.65. 491,773 shares of the company were exchanged, compared to its average volume of 940,287. Agnico Eagle Mines has a one year low of C$43.25 and a one year high of C$117.35. The company has a market capitalization of $25.55 billion and a price-to-earnings ratio of 52.44. The company has a current ratio of 3.27, a quick ratio of 1.39 and a debt-to-equity ratio of 36.76. The company has a 50-day moving average of C$106.06 and a 200 day moving average of C$88.31.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.02. The company had revenue of C$772.57 million for the quarter. Analysts predict that Agnico Eagle Mines will post 0.6584147 earnings per share for the current year.

In related news, Senior Officer Louise Grondin sold 11,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of C$104.68, for a total transaction of C$1,203,820.00. Following the transaction, the insider now directly owns 61,989 shares of the company’s stock, valued at approximately C$6,489,008.52. Also, Senior Officer Marc Legault sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$111.07, for a total value of C$1,110,700.00. Following the transaction, the insider now directly owns 65,824 shares in the company, valued at C$7,311,071.68. Insiders have sold a total of 26,794 shares of company stock worth $2,889,285 over the last three months.

About Agnico Eagle Mines

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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