Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$99.00

Agnico Eagle Mines (TSE:AEMGet Rating) (NYSE:AEM) had its price objective upped by National Bankshares from C$94.00 to C$99.00 in a research report released on Wednesday, BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Agnico Eagle Mines from C$83.00 to C$77.00 in a report on Monday, February 28th. National Bank Financial raised shares of Agnico Eagle Mines from a sector perform rating to an outperform rating in a report on Thursday, January 27th. Raymond James set a C$66.00 price target on shares of Agnico Eagle Mines and gave the company an outperform rating in a report on Friday, February 25th. BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a report on Thursday, February 10th. They set a buy rating and a C$98.00 price target on the stock. Finally, Canaccord Genuity Group dropped their price target on shares of Agnico Eagle Mines from C$90.00 to C$84.00 in a report on Tuesday, March 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Buy and an average target price of C$91.64.

TSE:AEM opened at C$75.86 on Wednesday. The firm has a market cap of C$34.56 billion and a P/E ratio of 27.17. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.42 and a current ratio of 1.71. Agnico Eagle Mines has a fifty-two week low of C$58.02 and a fifty-two week high of C$89.95. The firm has a 50-day simple moving average of C$75.39 and a two-hundred day simple moving average of C$69.04.

Agnico Eagle Mines (TSE:AEMGet Rating) (NYSE:AEM) last released its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.58 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.70 by C($0.12). The business had revenue of C$1.20 billion for the quarter, compared to analyst estimates of C$1.18 billion. On average, equities research analysts predict that Agnico Eagle Mines will post 4.0100002 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 15th were issued a $0.40 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 50.04%.

In other news, Senior Officer Ammar Al-Joundi bought 3,200 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were bought at an average price of C$64.23 per share, for a total transaction of C$205,532.80. Following the purchase, the insider now owns 153,703 shares in the company, valued at C$9,872,189.99. Also, Director Sean Boyd bought 10,000 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were purchased at an average price of C$66.75 per share, for a total transaction of C$667,500.00. Following the purchase, the director now owns 178,269 shares in the company, valued at approximately C$11,899,455.75.

Agnico Eagle Mines Company Profile (Get Rating)

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.

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Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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