Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$300.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price raised by Stifel Nicolaus from C$195.00 to C$300.00 in a research report released on Monday,BayStreet.CA reports.

AEM has been the topic of a number of other reports. TD Securities upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Thursday, July 17th. Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating in a research report on Monday, June 30th. Five investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of C$198.33.

Agnico Eagle Mines Stock Down 0.1%

Shares of AEM opened at C$228.17 on Monday. The firm has a market cap of C$114.88 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 22.97 and a beta of 1.24. Agnico Eagle Mines has a 12-month low of C$105.23 and a 12-month high of C$263.23. The company’s 50-day moving average price is C$216.11 and its 200 day moving average price is C$182.21. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 27.21%.

Insider Activity at Agnico Eagle Mines

In related news, insider Jean Robitaille sold 3,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of C$235.00, for a total transaction of C$705,000.00. Following the sale, the insider owned 1,000 shares of the company’s stock, valued at C$235,000. This trade represents a 75.00% decrease in their ownership of the stock. 0.08% of the stock is currently owned by insiders.

About Agnico Eagle Mines

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.