Agnico Eagle Mines (TSE:AEM) Given New C$300.00 Price Target at National Bankshares

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target raised by National Bankshares from C$285.00 to C$300.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Stifel Nicolaus increased their target price on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research report on Monday, October 20th. Five research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$235.00.

Agnico Eagle Mines Stock Performance

AEM opened at C$230.26 on Tuesday. The business has a fifty day simple moving average of C$233.52 and a 200 day simple moving average of C$200.29. The company has a market capitalization of C$115.60 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 22.97 and a beta of 1.28. Agnico Eagle Mines has a 1 year low of C$110.70 and a 1 year high of C$263.23. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$2.16 earnings per share for the quarter. The firm had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. Research analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines’s payout ratio is currently 23.39%.

Insiders Place Their Bets

In other Agnico Eagle Mines news, insider Jean Robitaille sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of C$235.00, for a total value of C$705,000.00. Following the sale, the insider owned 1,000 shares of the company’s stock, valued at approximately C$235,000. This trade represents a 75.00% decrease in their position. 0.08% of the stock is owned by insiders.

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.