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

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target upped by Cormark from C$110.00 to C$115.00 in a research note released on Monday morning, BayStreet.CA reports.

A number of other research analysts have also commented on the company. Eight Capital increased their price objective 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 lowered 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. 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. Finally, Canaccord Genuity Group raised their target price on Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Agnico Eagle Mines presently has an average rating of Buy and a consensus price target of C$100.63.

Agnico Eagle Mines Stock Up 1.1 %

AEM opened at C$89.55 on Monday. Agnico Eagle Mines has a fifty-two week low of C$59.36 and a fifty-two week high of C$96.20. The business has a 50-day moving average of C$90.66 and a 200-day moving average of C$78.42. 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 company has a market capitalization of C$44.61 billion, a PE ratio of 82.92, a price-to-earnings-growth ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, beating 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 analyst estimates of C$2.20 billion. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. Equities research analysts forecast that Agnico Eagle Mines will post 4.3937412 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

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

Insider Transactions at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of C$91.76, for a total transaction of C$91,760.00. In related news, Senior Officer Guy Gosselin sold 3,279 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$94.00, for a total transaction of C$308,226.00. Also, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of C$91.76, for a total value of C$91,760.00. In the last quarter, insiders have sold 163,279 shares of company stock valued at $14,798,903. 0.09% of the stock is owned by corporate 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.