Agnico Eagle Mines (TSE:AEM) PT Raised to C$115.00 at Cormark

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective lifted by Cormark from C$110.00 to C$115.00 in a report published on Monday, BayStreet.CA reports.

AEM has been the topic of a number of other research reports. Eight Capital raised their target price on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a buy rating in a report on Monday, April 22nd. National Bankshares reduced their target price on Agnico Eagle Mines from C$105.00 to C$104.00 and set an outperform rating on the stock in a report on Friday, April 19th. Veritas Investment Research raised their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. National Bank Financial reaffirmed an outperform overweight rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a buy rating in a report on Friday, April 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of C$100.63.

Agnico Eagle Mines Trading Up 1.1 %

Shares of TSE:AEM opened at C$89.55 on Monday. The company has a market capitalization of C$44.61 billion, a P/E ratio of 82.92, a P/E/G ratio of 22.97 and a beta of 1.04. Agnico Eagle Mines has a 1 year low of C$59.36 and a 1 year high of C$96.20. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89. The business’s 50 day simple moving average is C$90.66 and its 200 day simple moving average is C$78.42.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The business had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.20 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. On average, research analysts anticipate that Agnico Eagle Mines will post 4.3937412 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, May 31st. Agnico Eagle Mines’s payout ratio is 199.07%.

Insider Activity

In other news, Director Sean Boyd sold 120,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. In related news, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total transaction of C$89,267.00. Also, Director Sean Boyd sold 120,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. In the last ninety days, insiders sold 163,279 shares of company stock worth $14,798,903. Insiders own 0.09% 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.