Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM's share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$149.30 and traded as high as C$165.67. Agnico Eagle Mines shares last traded at C$163.79, with a volume of 960,317 shares traded.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AEM shares. BMO Capital Markets raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Tuesday, April 15th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating in a research report on Monday, June 30th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group cut Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy" and a consensus target price of C$152.00.
Check Out Our Latest Report on AEM
Agnico Eagle Mines Trading Down 0.9%
The firm has a market cap of C$57.14 billion, a price-to-earnings ratio of 56.78, a PEG ratio of 22.97 and a beta of 1.10. The company has a fifty day moving average price of C$161.95 and a 200-day moving average price of C$149.99. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.
Agnico Eagle Mines Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 76.24%.
Insider Transactions at Agnico Eagle Mines
In related news, Senior Officer Jean Robitaille sold 11,904 shares of Agnico Eagle Mines stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$170.50, for a total value of C$2,029,632.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$170.54, for a total value of C$852,700.00. Insiders have sold 45,632 shares of company stock worth $7,657,810 over the last quarter. Company insiders own 0.08% of the company's stock.
About Agnico Eagle Mines
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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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