Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$144.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective raised by National Bankshares from C$143.00 to C$144.00 in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Canaccord Genuity Group lifted their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Eight Capital raised their price target on Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Finally, Stifel Nicolaus upped their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$116.00.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$119.75 on Friday. The stock has a 50 day moving average of C$111.92 and a two-hundred day moving average of C$100.10. Agnico Eagle Mines has a twelve month low of C$60.17 and a twelve month high of C$123.86. The stock has a market cap of C$60.00 billion, a P/E ratio of 74.84, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The business had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. On average, research analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Dominique Girard sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00. In other news, Senior Officer Dominique Girard sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$113.49, for a total value of C$2,269,800.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. Over the last ninety days, insiders sold 115,000 shares of company stock worth $12,518,150. 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.