Agnico Eagle Mines (TSE:AEM) Given New C$91.00 Price Target at National Bank Financial

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target lifted by National Bank Financial from C$86.00 to C$91.00 in a report released on Wednesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

AEM has been the subject of a number of other reports. Eight Capital boosted their target price on shares of Agnico Eagle Mines from C$65.00 to C$93.00 in a report on Thursday, August 8th. Canaccord Genuity boosted their target price on shares of Agnico Eagle Mines from C$79.00 to C$83.00 in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on shares of Agnico Eagle Mines from C$65.00 to C$68.00 in a report on Monday, July 8th. Finally, BMO Capital Markets set a C$48.00 target price on shares of Agnico Eagle Mines and gave the company an outperform rating in a report on Monday, April 29th.

Shares of TSE AEM traded up C$0.26 during midday trading on Wednesday, reaching C$78.05. 172,166 shares of the stock were exchanged, compared to its average volume of 838,234. The stock has a market capitalization of $18.61 billion and a P/E ratio of -58.64. Agnico Eagle Mines has a 52-week low of C$42.35 and a 52-week high of C$80.48. The company has a debt-to-equity ratio of 38.88, a current ratio of 1.29 and a quick ratio of 0.46. The stock’s 50 day simple moving average is C$70.56.



The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.289 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.48%. Agnico Eagle Mines’s dividend payout ratio is presently -35.31%.

In related news, Senior Officer Yvon Sylvestre sold 5,000 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$57.40, for a total value of C$287,000.00. Following the sale, the insider now directly owns 2,471 shares of the company’s stock, valued at C$141,835.40. Also, Senior Officer Marc Legault sold 10,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$60.55, for a total transaction of C$605,530.00. Following the completion of the sale, the insider now directly owns 52,570 shares in the company, valued at C$3,183,271.21. Insiders sold 119,195 shares of company stock worth $8,053,942 over the last ninety days.

About Agnico Eagle Mines

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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