Agnico Eagle Mines Limited (TSE:AEM – Get Free Report) (NYSE:AEM)’s stock price passed above its 200-day moving average during trading on Friday following insider buying activity. The stock has a 200-day moving average of C$174.42 and traded as high as C$237.57. Agnico Eagle Mines shares last traded at C$236.31, with a volume of 416,433 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on AEM. Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating in a research note on Monday, June 30th. TD Securities raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Thursday, July 17th. Five analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Strong Buy” and a consensus price target of C$163.33.
View Our Latest Analysis on Agnico Eagle Mines
Agnico Eagle Mines Stock Up 0.7%
Agnico Eagle Mines Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 27.21%.
About Agnico Eagle Mines
Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.
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