Agnico Eagle Mines (TSE:AEM) Hits New 12-Month High at $114.76

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$114.76 and last traded at C$110.78, with a volume of 992481 shares trading hands. The stock had previously closed at C$111.91.

Analysts Set New Price Targets

AEM has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a report on Tuesday, July 23rd. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday. National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Monday, June 24th. Cormark boosted their target price on Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday, June 24th. Finally, Eight Capital raised their price target on Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus target price of C$105.14.

Agnico Eagle Mines Stock Down 1.0 %

The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The firm’s 50 day moving average price is C$105.23 and its two-hundred day moving average price is C$92.14. The firm has a market cap of C$55.50 billion, a price-to-earnings ratio of 71.01, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$1.46 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.27 by C$0.19. The company had revenue of C$2.84 billion during the quarter, compared to analysts’ expectations of C$2.36 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 5.3998976 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. Investors of record on Friday, August 30th were given a $0.547 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 139.10%.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$89.27, for a total value of C$89,267.00. In other news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction that occurred 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, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total value of C$2,546,250.00. In the last three months, insiders have sold 101,000 shares of company stock valued at $10,906,117. 0.08% of the stock is owned by company insiders.

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.