Agnico Eagle Mines (TSE:AEM) Downgraded by UBS Group to “Hold”

UBS Group lowered shares of Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bankshares increased their price objective on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Royal Bank of Canada raised their target price on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of C$128.71.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$155.91 on Monday. The firm has a market cap of C$55.13 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 52-week low of C$81.75 and a 52-week high of C$157.88. The business’s 50 day moving average price is C$141.13 and its two-hundred day moving average price is C$124.19. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 76.24%.

Insiders Place Their Bets

In other news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$155.55, for a total transaction of C$933,300.00. In the last ninety days, insiders sold 71,125 shares of company stock valued at $9,315,117. Corporate insiders own 0.08% 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.