Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM's stock price crossed above its 200-day moving average during trading on Friday following insider buying activity. The stock has a 200-day moving average of C$174.42 and traded as high as C$237.57. Agnico Eagle Mines shares last traded at C$236.31, with a volume of 416,433 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AEM. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating in a report on Monday, June 30th. Five equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Buy" and an average price target of C$163.33.
Read Our Latest Report on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
The stock's 50-day moving average is C$200.85 and its 200-day moving average is C$174.42. The stock has a market cap of C$118.98 billion, a price-to-earnings ratio of 40.19, a P/E/G ratio of 22.97 and a beta of 1.02. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Agnico Eagle Mines's dividend payout ratio is 27.21%.
Agnico Eagle Mines Company Profile
(
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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.
Further Reading
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