Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective upped by National Bank Financial from C$91.00 to C$99.00 in a research report report published on Thursday, September 5th, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other equities analysts have also weighed in on the stock. Eight Capital increased their price objective on shares of Agnico Eagle Mines from C$65.00 to C$93.00 in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of Agnico Eagle Mines from C$68.00 to C$83.00 in a report on Wednesday, August 14th. Finally, Canaccord Genuity increased their price objective on shares of Agnico Eagle Mines from C$79.00 to C$83.00 in a report on Friday, July 19th.
TSE AEM opened at C$75.23 on Thursday. The company has a quick ratio of 0.46, a current ratio of 1.29 and a debt-to-equity ratio of 38.88. The stock has a market cap of $18.66 billion and a P/E ratio of -56.52. Agnico Eagle Mines has a twelve month low of C$42.91 and a twelve month high of C$86.39. The company’s 50-day simple moving average is C$77.67 and its 200 day simple moving average is C$64.24.
Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.03 by C$0.10. The firm had revenue of C$704.44 million for the quarter, compared to the consensus estimate of C$646.32 million. Research analysts anticipate that Agnico Eagle Mines will post 0.6600001 earnings per share for the current year.
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 issued a dividend of $0.289 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.54%. Agnico Eagle Mines’s payout ratio is -35.31%.
In related news, Senior Officer Alain Blackburn sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$84.26, for a total value of C$252,780.00. Following the completion of the transaction, the insider now owns 1,442 shares of the company’s stock, valued at C$121,502.92. Also, Director Sean Riley sold 1,000 shares of the firm’s stock in a transaction on Sunday, August 11th. The shares were sold at an average price of C$79.14, for a total transaction of C$79,140.00. Following the completion of the transaction, the director now directly owns 6,255 shares of the company’s stock, valued at approximately C$495,020.70. Over the last 90 days, insiders have sold 114,095 shares of company stock worth $8,442,827.
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.
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