Stifel Nicolaus Issues Positive Forecast for Agnico Eagle Mines (TSE:AEM) Stock Price

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target upped by Stifel Nicolaus from C$185.00 to C$195.00 in a report published on Monday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada upped their price target on Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. BMO Capital Markets upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, April 15th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, National Bankshares increased their price objective on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$139.67.

Agnico Eagle Mines Stock Up 0.6 %

TSE:AEM opened at C$162.03 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The stock’s fifty day moving average is C$152.01 and its two-hundred day moving average is C$132.41. Agnico Eagle Mines has a 52 week low of C$86.66 and a 52 week high of C$175.33. The stock has a market capitalization of C$57.29 billion, a price-to-earnings ratio of 56.93, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$155.55, for a total transaction of C$933,300.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total value of C$787,455.00. Insiders have sold 26,625 shares of company stock valued at $3,958,905 over the last quarter. 0.08% of the stock is owned by insiders.

About Agnico Eagle Mines

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.