Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) has been assigned a consensus rating of “Buy” from the nine research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$65.86.
A number of analysts have recently weighed in on the company. TD Securities raised their target price on Agnico Eagle Mines to C$65.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Canaccord Genuity raised their target price on Agnico Eagle Mines from C$72.00 to C$73.00 in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Monday, April 24th. National Bank Financial upgraded Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a report on Sunday, July 23rd. Finally, Scotiabank reiterated an “outperform” rating and issued a C$77.00 price target on shares of Agnico Eagle Mines in a report on Friday, April 28th.
In other Agnico Eagle Mines news, insider Yvon Sylvestre sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of C$67.00, for a total transaction of C$335,000.00. Also, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of C$58.00, for a total value of C$58,000.00. In the last quarter, insiders sold 28,500 shares of company stock worth $1,887,875.
Shares of Agnico Eagle Mines (TSE AEM) traded down 0.07% during midday trading on Friday, reaching $58.49. 441,974 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $57.96 and a 200-day moving average of $60.66. The company has a market capitalization of $13.52 billion and a PE ratio of 53.76. Agnico Eagle Mines has a 1-year low of $46.91 and a 1-year high of $77.32.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.68%. The ex-dividend date is Wednesday, August 30th.
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Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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