AEM has been the topic of a number of other research reports. Eight Capital cut their target price on Agnico Eagle Mines from C$86.00 to C$85.00 in a research report on Wednesday, October 26th. Canaccord Genuity Group lifted their price objective on Agnico Eagle Mines from C$88.00 to C$90.00 in a report on Monday. Veritas Investment Research set a C$82.10 price target on Agnico Eagle Mines and gave the stock a buy rating in a research note on Wednesday, December 21st. Cormark upped their target price on Agnico Eagle Mines from C$73.00 to C$77.00 in a research note on Friday, October 28th. Finally, Barclays boosted their price target on Agnico Eagle Mines from C$62.00 to C$63.00 in a report on Monday, October 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of C$75.34.
Agnico Eagle Mines Price Performance
AEM stock opened at C$66.35 on Tuesday. Agnico Eagle Mines has a 52-week low of C$48.88 and a 52-week high of C$84.66. The business has a fifty day moving average of C$72.12 and a two-hundred day moving average of C$63.73. The stock has a market cap of C$30.25 billion and a price-to-earnings ratio of 35.11. The company has a quick ratio of 0.89, a current ratio of 2.17 and a debt-to-equity ratio of 9.12.
Agnico Eagle Mines Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 15th were given a dividend of $0.553 per share. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, November 30th. This represents a $2.21 annualized dividend and a dividend yield of 3.33%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 82.01%.
Insider Transactions at Agnico Eagle Mines
In related news, Senior Officer Jean Robitaille sold 8,000 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of C$70.25, for a total transaction of C$562,000.00. Following the sale, the insider now owns 111,986 shares in the company, valued at C$7,867,016.50. In other Agnico Eagle Mines news, Senior Officer Jean Robitaille sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of C$70.25, for a total value of C$562,000.00. Following the sale, the insider now owns 111,986 shares in the company, valued at C$7,867,016.50. Also, Director Martine Celej sold 2,208 shares of the firm’s stock in a transaction that occurred on Saturday, December 31st. The shares were sold at an average price of C$70.61, for a total transaction of C$155,906.88. Following the transaction, the director now owns 17,057 shares in the company, valued at approximately C$1,204,394.77. Over the last 90 days, insiders have sold 44,580 shares of company stock valued at $3,190,815.
About Agnico Eagle Mines
(Get Rating)
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.
Featured Stories
Receive News & Ratings for Agnico Eagle Mines Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Agnico Eagle Mines and related companies with MarketBeat.com’s FREE daily email newsletter.