Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$139.45 and traded as high as C$169.45. Agnico Eagle Mines shares last traded at C$169.26, with a volume of 810,702 shares.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on AEM shares. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Nicolaus boosted their price objective on Agnico Eagle Mines from C$185.00 to C$195.00 in a research note on Monday, April 28th. UBS Group cut Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, BMO Capital Markets upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$139.67.
Get Our Latest Research Report on AEM
Agnico Eagle Mines Stock Down 3.1%
The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The company has a market cap of C$57.14 billion, a PE ratio of 56.78, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a fifty day moving average price of C$158.88 and a 200 day moving average price of C$140.48.
Agnico Eagle Mines Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is currently 76.24%.
Insider Buying and Selling at Agnico Eagle Mines
In other Agnico Eagle Mines news, Senior Officer Guy Gosselin sold 3,527 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$157.50, for a total value of C$555,502.50. Also, Director Sean Boyd sold 5,200 shares of the stock in a transaction 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. Over the last 90 days, insiders sold 61,632 shares of company stock worth $9,976,560. 0.08% of the stock is currently owned by insiders.
About Agnico Eagle Mines
(
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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.
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