Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective increased by National Bank Financial from C$86.00 to C$91.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other brokerages have also commented on AEM. Canaccord Genuity boosted their price target on Agnico Eagle Mines from C$79.00 to C$83.00 in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on Agnico Eagle Mines from C$65.00 to C$68.00 in a research note on Monday, July 8th. BMO Capital Markets set a C$48.00 price target on Agnico Eagle Mines and gave the stock an outperform rating in a research note on Monday, April 29th. Finally, Eight Capital boosted their price target on Agnico Eagle Mines from C$65.00 to C$93.00 in a research note on Thursday, August 8th.
Shares of TSE:AEM opened at C$78.40 on Wednesday. The business’s 50 day simple moving average is C$71.04 and its 200-day simple moving average is C$61.20. The firm has a market capitalization of $18.65 billion and a price-to-earnings ratio of -58.90. The company has a debt-to-equity ratio of 38.88, a current ratio of 1.29 and a quick ratio of 0.46. Agnico Eagle Mines has a 12 month low of C$42.35 and a 12 month high of C$80.48.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.289 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. Agnico Eagle Mines’s dividend payout ratio is currently -35.31%.
In related news, Director James D. Nasso sold 14,095 shares of Agnico Eagle Mines stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$66.00, for a total transaction of C$930,316.51. Also, Senior Officer Alain Blackburn sold 3,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of C$61.58, for a total value of C$184,740.00. Following the transaction, the insider now owns 10,618 shares of the company’s stock, valued at C$653,856.44. Insiders have sold a total of 120,195 shares of company stock valued at $8,132,482 over the last 90 days.
About Agnico Eagle Mines
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
Further Reading: Balanced Fund
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