Analysts Set Agnico Eagle Mines Limited (TSE:AEM) PT at C$139.67

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM has been given an average recommendation of "Buy" by the eight research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$139.67.

A number of research analysts recently commented on the company. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$185.00 to C$195.00 in a research report on Monday, April 28th. National Bankshares raised their price objective on 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. BMO Capital Markets upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th.

Agnico Eagle Mines Price Performance

AEM traded up C$0.65 on Friday, reaching C$169.09. The company had a trading volume of 556,785 shares, compared to its average volume of 1,060,578. Agnico Eagle Mines has a 52-week low of C$87.58 and a 52-week high of C$175.33. The company has a market cap of C$59.79 billion, a price-to-earnings ratio of 59.41, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The business has a 50 day simple moving average of C$161.53 and a 200 day simple moving average of C$142.66.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is presently 76.24%.

Insider Buying and Selling

In other news, Senior Officer Carol-Ann Plummer-Theriault sold 5,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$150.99, for a total transaction of C$754,950.00. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$169.00, for a total transaction of C$3,379,960.00. Insiders have sold a total of 51,632 shares of company stock worth $8,493,360 in the last ninety days. 0.08% of the stock is 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.