Agnico Eagle Mines (TSE:AEM) Reaches New 12-Month High – Here’s What Happened

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) hit a new 52-week high on Tuesday . The company traded as high as C$147.00 and last traded at C$145.35, with a volume of 849779 shares changing hands. The stock had previously closed at C$140.20.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price target on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$122.14.

Agnico Eagle Mines Stock Up 2.1 %

The company has a market capitalization of C$52.41 billion, a P/E ratio of 52.08, a PEG ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The firm has a 50-day moving average price of C$133.00 and a two-hundred day moving average price of C$120.36.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is 76.24%.

Insiders Place Their Bets

In other news, Director Martine Celej sold 2,208 shares of the stock in a transaction on Tuesday, December 31st. The shares were 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 stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.43, for a total value of C$236,860.00. Over the last ninety days, insiders have sold 80,269 shares of company stock valued at $9,879,772. 0.08% of the stock is currently 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.