Agnico Eagle Mines (TSE:AEM) Hits New 1-Year High at $92.69

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$92.69 and last traded at C$92.26, with a volume of 604295 shares trading hands. The stock had previously closed at C$91.09.

Analysts Set New Price Targets

AEM has been the subject of a number of recent research reports. Veritas Investment Research boosted their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. TD Securities cut their target price on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Eight Capital lifted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Cormark cut their price objective on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$97.50.

Agnico Eagle Mines Trading Up 2.3 %

The company has a market capitalization of C$46.41 billion, a price-to-earnings ratio of 84.53, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07. 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 company’s fifty day simple moving average is C$81.16 and its two-hundred day simple moving average is C$72.63.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.65 by C$0.13. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. The business had revenue of C$2.39 billion for the quarter, compared to the consensus estimate of C$2.04 billion. Research analysts forecast that Agnico Eagle Mines Limited will post 4.3972332 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 197.25%.

Insider Buying and Selling

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of C$91.76, for a total value of C$91,760.00. In related news, Director Sean Boyd sold 120,000 shares of Agnico Eagle Mines stock in a transaction that occurred 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. Also, Director John Merfyn Roberts sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of C$91.76, for a total value of C$91,760.00. In the last three months, insiders sold 143,000 shares of company stock valued at $12,892,360. 0.12% of the stock is owned by corporate 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.