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

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

A number of other equities analysts have also weighed in on AEM. Eight Capital boosted their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the company a buy rating in a research report on Monday, April 22nd. Stifel Nicolaus boosted their price objective on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a buy rating in a research report on Friday, April 19th. Veritas Investment Research boosted their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Canaccord Genuity Group boosted their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Finally, National Bank Financial reissued an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of C$100.63.

Agnico Eagle Mines Stock Up 0.5 %

Shares of TSE:AEM opened at C$89.69 on Monday. The company has a market cap of C$44.68 billion, a price-to-earnings ratio of 83.05, a PEG ratio of 22.97 and a beta of 1.04. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$96.20. The firm’s 50-day simple moving average is C$90.52 and its 200-day simple moving average is C$78.20. The company has a quick ratio of 0.89, a current ratio of 2.21 and a debt-to-equity ratio of 10.14.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The firm 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 net margin of 6.79% and a return on equity of 2.39%. As a group, equities research analysts predict that Agnico Eagle Mines will post 4.3937412 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a yield of 1.78%. Agnico Eagle Mines’s dividend payout ratio is currently 199.07%.

Insider Activity at Agnico Eagle Mines

In other news, Director Sean Boyd sold 120,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. In other news, Director Sean Boyd sold 120,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$95.01, for a total value of C$475,050.00. Over the last 90 days, insiders sold 162,279 shares of company stock valued at $14,709,636. 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.