Agnico Eagle Mines (TSE:AEM) Hits New 52-Week High at $63.05

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$63.05 and last traded at C$63.02, with a volume of 86179 shares trading hands. The stock had previously closed at C$62.28.

AEM has been the topic of several recent analyst reports. BMO Capital Markets set a C$48.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Monday, April 29th. National Bank Financial lifted their price objective on Agnico Eagle Mines from C$66.00 to C$67.00 in a research note on Thursday, March 21st. Finally, Desjardins downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 price objective on the stock. in a research note on Friday, April 12th.

The company has a quick ratio of 1.21, a current ratio of 2.96 and a debt-to-equity ratio of 39.54. The company has a market capitalization of $14.57 billion and a PE ratio of -43.37.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.07 by C$0.11. The firm had revenue of C$707.63 million during the quarter, compared to the consensus estimate of C$682.74 million. Equities analysts predict that Agnico Eagle Mines Ltd will post 0.6601063 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.292 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.17 dividend on an annualized basis and a yield of 1.88%. Agnico Eagle Mines’s payout ratio is presently -31.80%.

In other Agnico Eagle Mines news, Senior Officer David Smith sold 3,100 shares of Agnico Eagle Mines stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$62.78, for a total value of C$194,615.21. Following the sale, the insider now owns 62,744 shares of the company’s stock, valued at approximately C$3,939,011.85. Also, Senior Officer Don Allan sold 16,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$59.02, for a total value of C$944,262.40. Following the completion of the transaction, the insider now owns 47,089 shares of the company’s stock, valued at approximately C$2,779,023.26. In the last ninety days, insiders sold 64,100 shares of company stock worth $3,863,098.

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Agnico Eagle Mines Company Profile (TSE:AEM)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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