Agnico Eagle Mines (TSE:AEM) Given New C$115.00 Price Target at Eight Capital

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target hoisted by Eight Capital from C$105.00 to C$115.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

A number of other brokerages have also recently weighed in on AEM. National Bank Financial reiterated an outperform overweight rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Cormark increased their price target on Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Stifel Nicolaus increased their price target on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a buy rating in a research report on Friday, April 19th. National Bankshares set a C$104.00 target price on Agnico Eagle Mines and gave the company an outperform rating in a research report on Monday, June 24th. Finally, Canaccord Genuity Group raised their target price on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of C$101.88.

Agnico Eagle Mines Trading Up 0.6 %

TSE:AEM opened at C$102.40 on Thursday. The company has a quick ratio of 0.89, a current ratio of 2.21 and a debt-to-equity ratio of 10.14. The business’s 50 day moving average is C$92.28 and its two-hundred day moving average is C$80.30. Agnico Eagle Mines has a 52 week low of C$59.36 and a 52 week high of C$102.61. The company has a market cap of C$51.01 billion, a PE ratio of 94.81, a P/E/G ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its earnings results 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. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. The company had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.20 billion. On average, analysts predict that Agnico Eagle Mines will post 4.3937412 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, May 31st. Agnico Eagle Mines’s payout ratio is currently 199.07%.

Insider Buying and Selling at Agnico Eagle Mines

In other news, Director Sean Boyd sold 120,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. In other news, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total value of C$89,267.00. Also, Director Sean Boyd sold 120,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total value of C$10,809,600.00. In the last ninety days, insiders 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.