Stifel Nicolaus Boosts Agnico Eagle Mines (TSE:AEM) Price Target to C$140.00

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

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

Agnico Eagle Mines Price Performance

The stock has a market cap of C$61.03 billion, a price-to-earnings ratio of 75.06, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 1-year low of C$60.17 and a 1-year high of C$123.08. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The stock has a fifty day moving average price of C$109.71 and a 200 day moving average price of C$98.35.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.27 by C$0.19. The company had revenue of C$2.84 billion during the quarter, compared to analyst estimates of C$2.36 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. As a group, equities analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.547 per share. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, August 30th. Agnico Eagle Mines’s payout ratio is 135.63%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Jean Robitaille sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total value of C$1,701,300.00. In related news, Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total transaction of C$223,680.00. Also, Senior Officer Jean Robitaille sold 15,000 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total value of C$1,701,300.00. Insiders sold 115,000 shares of company stock valued at $12,518,150 over the last 90 days. 0.08% of the stock is currently owned by corporate 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.