Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by BMO Capital Markets

BMO Capital Markets upgraded shares of Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM to a strong-buy rating in a research report released on Tuesday, April 15th,Zacks.com reports.

Several other equities analysts have also recently weighed in on AEM. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. UBS Group lowered shares of 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 report on Wednesday, March 19th. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines to C$105.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, National Bankshares boosted their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and an average price target of C$138.00.

Agnico Eagle Mines Stock Down 0.7 %

AEM stock traded down C$1.18 during trading hours on Tuesday, reaching C$169.67. 408,350 shares of the stock were exchanged, compared to its average volume of 1,078,202. The company has a market cap of C$59.99 billion, a price-to-earnings ratio of 59.61, a PEG ratio of 22.97 and a beta of 1.10. The firm's 50-day moving average is C$148.38 and its 200-day moving average is C$129.67. Agnico Eagle Mines has a 12 month low of C$84.44 and a 12 month high of C$175.33. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Agnico Eagle Mines's payout ratio is presently 76.24%.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 5,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$150.99, for a total transaction of C$754,950.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$155.55, for a total transaction of C$933,300.00. Over the last three months, insiders have sold 26,625 shares of company stock valued at $3,958,905. 0.08% of the stock is owned by company insiders.

About Agnico Eagle Mines

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.