Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$185.00 at Stifel Nicolaus

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target boosted by Stifel Nicolaus from C$165.00 to C$185.00 in a report published on Monday,BayStreet.CA reports.

AEM has been the topic of several other reports. UBS Group lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 31st. National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. National Bank Financial upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. BMO Capital Markets upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, April 15th. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$138.00.

Agnico Eagle Mines Stock Up 1.5 %

Agnico Eagle Mines stock opened at C$170.85 on Monday. 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 company has a market capitalization of C$60.41 billion, a P/E ratio of 60.03, a P/E/G ratio of 22.97 and a beta of 1.10. The firm has a 50 day moving average price of C$148.38 and a 200-day moving average price of C$129.67. Agnico Eagle Mines has a twelve month low of C$84.44 and a twelve month high of C$175.33.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 76.24%.

Insider Activity

In other Agnico Eagle Mines news, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$155.55, for a total transaction of C$933,300.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$150.99, for a total transaction of C$754,950.00. Insiders sold 26,625 shares of company stock worth $3,958,905 in the last three months. Corporate insiders own 0.08% of the company’s stock.

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.