Agnico Eagle Mines (TSE:AEM) Upgraded to "Moderate Buy" at Raymond James Financial

Raymond James Financial upgraded shares of Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM to a moderate buy rating in a research note released on Monday,Zacks.com reports. Raymond James Financial also issued estimates for Agnico Eagle Mines' Q2 2025 earnings at $2.31 EPS, Q3 2025 earnings at $2.52 EPS, Q4 2025 earnings at $2.45 EPS and FY2025 earnings at $9.12 EPS.

Several other analysts have also recently weighed in on the company. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. BMO Capital Markets upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Tuesday, April 15th. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. UBS Group lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and an average target price of C$144.60.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM traded down C$0.87 on Monday, hitting C$161.37. The company had a trading volume of 980,020 shares, compared to its average volume of 1,067,523. The stock has a market cap of C$57.06 billion, a price-to-earnings ratio of 56.69, a P/E/G ratio of 22.97 and a beta of 1.10. The stock has a 50 day moving average price of C$161.55 and a 200 day moving average price of C$145.90. Agnico Eagle Mines has a 1-year low of C$91.14 and a 1-year high of C$175.33. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Agnico Eagle Mines's payout ratio is 76.24%.

Insider Buying and Selling

In related news, Director Sean Boyd sold 5,200 shares of Agnico Eagle Mines stock in a transaction that occurred on Wednesday, April 30th. The shares were 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 business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$170.54, for a total transaction of C$852,700.00. In the last ninety days, insiders sold 45,632 shares of company stock worth $7,657,810. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Company Profile

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.