Agnico Eagle Mines (TSE:AEM) Reaches New 1-Year High – Still a Buy?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$150.87 and last traded at C$149.91, with a volume of 434100 shares traded. The stock had previously closed at C$148.81.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted 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 one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$122.14.

Agnico Eagle Mines Price Performance

The firm has a market cap of C$53.51 billion, a P/E ratio of 53.17, a PEG ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The company has a fifty day moving average price of C$135.66 and a two-hundred day moving average price of C$121.51.

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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 76.24%.

Insider Buying and Selling

In related news, Director Martine Celej sold 2,208 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total transaction of C$246,942.72. Also, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$118.43, for a total value of C$236,860.00. Insiders sold a total of 80,269 shares of company stock worth $9,879,772 in the last ninety days. 0.08% of the stock is owned by insiders.

About Agnico Eagle Mines

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.