Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.
Analyst Ratings Changes
Several analysts recently issued reports on the company. TD Securities upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday. BMO Capital Markets upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, April 15th. Stifel Nicolaus upped their target price on Agnico Eagle Mines from C$185.00 to C$195.00 in a research report on Monday, April 28th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Finally, UBS Group downgraded Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. One 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, Agnico Eagle Mines currently has an average rating of "Strong Buy" and an average target price of C$152.00.
View Our Latest Report on AEM
Agnico Eagle Mines Trading Down 0.9%
The company 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 firm has a 50 day moving average price of C$161.95 and a two-hundred day moving average price of C$150.48. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88.
Agnico Eagle Mines Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Agnico Eagle Mines's payout ratio is 76.24%.
Insiders Place Their Bets
In other Agnico Eagle Mines news, Director Sean Boyd sold 5,200 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of C$161.51, for a total value of C$839,852.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the 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. In the last quarter, insiders have sold 45,632 shares of company stock valued at $7,657,810. 0.08% of the stock is currently owned by corporate insiders.
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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