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.
Agnico Eagle Mines Trading Up 0.1 %
AEM Stock traded up $0.03 during trading on Tuesday, reaching $45.48. The company had a trading volume of 2,285,497 shares, compared to its average volume of 3,263,680. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.58 and a quick ratio of 1.48. Agnico Eagle Mines has a 52 week low of $38.02 and a 52 week high of $67.14. The business has a 50 day moving average of $45.80 and a 200 day moving average of $52.89. The company has a market cap of $20.75 billion, a P/E ratio of 25.84, a PEG ratio of 20.58 and a beta of 0.82.
Agnico Eagle Mines Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, August 31st. Agnico Eagle Mines's dividend payout ratio is currently 90.91%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Stifel Nicolaus reduced their price target on shares of Agnico Eagle Mines from C$100.00 to C$89.00 in a research report on Wednesday, July 20th. National Bank Financial lowered their price objective on Agnico Eagle Mines from C$98.00 to C$75.00 in a research report on Thursday, July 21st. Raymond James lowered their price target on shares of Agnico Eagle Mines from $76.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, May 13th. Barclays cut their price target on shares of Agnico Eagle Mines from $70.00 to $62.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Finally, TheStreet downgraded shares of Agnico Eagle Mines from a "b-" rating to a "c" rating in a research note on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.89.