Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) Director Deborah Mccombe acquired 380 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average price of C$51.38 per share, for a total transaction of C$19,524.40.
Shares of Agnico Eagle Mines Ltd (TSE:AEM) traded up C$0.20 during midday trading on Friday, hitting C$51.39. The stock had a trading volume of 545,089 shares, compared to its average volume of 834,974. The company has a market capitalization of $11,960.00, a price-to-earnings ratio of 38.64 and a beta of -1.03. Agnico Eagle Mines Ltd has a one year low of C$50.41 and a one year high of C$68.76.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.135 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.05%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 30.08%.
AEM has been the topic of several research analyst reports. Eight Capital restated a “neutral” rating on shares of Agnico Eagle Mines in a research note on Thursday, November 16th. Desjardins reiterated a “buy” rating and set a C$60.00 target price on shares of Agnico Eagle Mines in a research note on Monday, December 11th. Canaccord Genuity increased their target price on Agnico Eagle Mines from C$77.00 to C$81.00 in a research note on Friday, January 19th. Finally, National Bank Financial lowered their target price on Agnico Eagle Mines from C$77.00 to C$70.00 in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Agnico Eagle Mines has an average rating of “Hold” and a consensus price target of C$65.43.
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About Agnico Eagle Mines
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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