Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company's LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.
Analyst Ratings Changes
A number of equities analysts recently weighed in on AEM shares. Barclays decreased their price target on Agnico Eagle Mines from $70.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, July 19th. Stifel Nicolaus cut their price target on Agnico Eagle Mines from C$100.00 to C$89.00 in a research note on Wednesday, July 20th. TheStreet downgraded Agnico Eagle Mines from a "b-" rating to a "c" rating in a research note on Tuesday, July 12th. National Bank Financial cut their price objective on Agnico Eagle Mines from C$98.00 to C$75.00 in a research note on Thursday, July 21st. Finally, Raymond James dropped their price target on Agnico Eagle Mines from $76.00 to $72.00 and set an "outperform" rating on the stock in a research report on Friday, May 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.89.
Agnico Eagle Mines Trading Down 1.8 %
Shares of AEM opened at $45.45 on Tuesday. The stock has a fifty day moving average price of $45.96 and a two-hundred day moving average price of $52.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.48 and a current ratio of 2.58. Agnico Eagle Mines has a 52-week low of $38.02 and a 52-week high of $67.14. The company has a market cap of $20.74 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 20.58 and a beta of 0.82.
Agnico Eagle Mines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a $0.40 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.60 annualized dividend and a yield of 3.52%. Agnico Eagle Mines's payout ratio is 90.91%.