Eight Capital Analysts Give Agnico Eagle Mines (TSE:AEM) a C$105.00 Price Target

Eight Capital set a C$105.00 price target on Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) in a research note released on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also weighed in on AEM. Canaccord Genuity Group lifted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus lifted their price objective on shares of Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a buy rating in a report on Friday, April 19th. Veritas Investment Research lifted their price objective on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. National Bankshares lowered their price objective on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an outperform rating on the stock in a report on Friday, April 19th. Finally, Cormark lifted their price objective on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of Buy and a consensus target price of C$100.63.

Agnico Eagle Mines Stock Up 1.6 %

Shares of TSE:AEM opened at C$90.94 on Monday. Agnico Eagle Mines has a one year low of C$59.36 and a one year high of C$96.20. The company has a 50 day moving average of C$90.73 and a 200-day moving average of C$78.50. The company has a debt-to-equity ratio of 10.14, a current ratio of 2.21 and a quick ratio of 0.89. The stock has a market cap of C$45.31 billion, a price-to-earnings ratio of 84.20, a P/E/G ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Thursday, April 25th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.20. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 2.39%. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.20 billion. On average, sell-side analysts forecast that Agnico Eagle Mines will post 4.3937412 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were issued a $0.40 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. Agnico Eagle Mines’s dividend payout ratio is currently 199.07%.

Insider Buying and Selling at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Guy Gosselin sold 22,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$90.50, for a total value of C$1,991,000.00. In other news, Director Sean Boyd sold 120,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. Also, Senior Officer Guy Gosselin sold 22,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.50, for a total transaction of C$1,991,000.00. Insiders have sold a total of 163,279 shares of company stock worth $14,798,903 over the last ninety days. Insiders own 0.09% of the company’s stock.

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.