Agnico Eagle Mines (TSE:AEM) Sets New 12-Month High - Still a Buy?

Key Points

• Agnico Eagle Mines shares reached a new 52-week high at C$214.46 during trading, with a last traded price of C$210.74 and a volume of 398,223 shares.
• Analysts have a consensus rating of "Strong Buy" for Agnico Eagle Mines, with five ratings for Strong Buy, two for Buy, and one for Hold.
• The firm announced a quarterly dividend of $0.40 per share, yielding 0.8%, to be paid on September 15th, with a payout ratio of 27.21%.

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$214.46 and last traded at C$210.74, with a volume of 398223 shares trading hands. The stock had previously closed at C$212.93.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEM shares. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating in a research report on Monday, June 30th. Five equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Strong Buy" and an average price target of C$163.33.

Agnico Eagle Mines Stock Down 0.2%

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 cap of C$106.62 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 22.97 and a beta of 1.02. The business has a 50-day simple moving average of C$183.42 and a two-hundred day simple moving average of C$166.24.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Agnico Eagle Mines's payout ratio is currently 27.21%.

Insider Buying and Selling at Agnico Eagle Mines

In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$170.54, for a total transaction of C$852,700.00. Corporate insiders own 0.08% of the company's stock.

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.