Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$140.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price increased by Stifel Nicolaus from C$114.00 to C$140.00 in a research report sent to investors on Monday, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the stock. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Canaccord Genuity Group raised their price target on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. Eight Capital upped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. National Bankshares set a C$104.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, June 24th. Finally, Cormark lifted their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus target price of C$110.29.

Agnico Eagle Mines Stock Up 0.8 %

AEM stock opened at C$122.65 on Monday. The stock has a market capitalization of C$61.45 billion, a PE ratio of 76.66, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 52 week low of C$60.17 and a 52 week high of C$122.66. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The firm has a 50 day moving average of C$109.71 and a 200 day moving average of C$98.35.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, topping the consensus estimate of C$1.27 by C$0.19. The company had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.36 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. Sell-side analysts forecast that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.547 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a yield of 1.78%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is presently 135.63%.

Insider Buying and Selling

In related news, Senior Officer Dominique Girard sold 11,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$104.33, for a total transaction of C$1,147,630.00. In other news, Senior Officer Dominique Girard sold 11,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$104.33, for a total transaction of C$1,147,630.00. Also, Senior Officer Guy Gosselin sold 25,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$110.20, for a total value of C$2,755,000.00. In the last quarter, insiders sold 115,000 shares of company stock valued at $12,518,150. Company insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

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.