Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$190.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective raised by National Bankshares from C$160.00 to C$190.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Royal Bank of Canada increased their price objective on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$128.71.

Agnico Eagle Mines Stock Down 0.8 %

Shares of AEM stock opened at C$149.66 on Wednesday. The stock’s 50-day simple moving average is C$137.43 and its 200-day simple moving average is C$122.33. 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 market capitalization of C$52.92 billion, a PE ratio of 52.58, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a fifty-two week low of C$75.74 and a fifty-two week high of C$153.94.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. Agnico Eagle Mines’s payout ratio is 76.24%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total transaction of C$1,483,200.00. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total value of C$2,005,962.24. Insiders have sold 80,269 shares of company stock worth $9,879,772 over the last quarter. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.