Agnico Eagle Mines Ltd. (NYSE:AEM) shares traded down 4.4% during trading on Wednesday . The stock traded as low as $53.37 and last traded at $53.48, with a volume of 1,209,392 shares trading hands. The stock had previously closed at $55.93.

Several research analysts recently commented on the company. Citigroup Inc. reissued a “sell” rating on shares of Agnico Eagle Mines in a research note on Thursday, August 18th. TD Securities restated a “hold” rating and issued a $61.00 target price (up from $56.00) on shares of Agnico Eagle Mines in a report on Saturday, August 13th. Barclays PLC upped their target price on Agnico Eagle Mines from $50.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, August 8th. RBC Capital Markets cut Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 target price for the company. in a report on Monday, August 8th. Finally, Royal Bank Of Canada cut Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 target price for the company. in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $50.91.

The firm has a 50 day moving average of $56.26 and a 200 day moving average of $45.80. The firm has a market cap of $11.73 billion and a price-to-earnings ratio of 361.86.

Agnico Eagle Mines (NYSE:AEM) last announced its quarterly earnings data on Thursday, July 28th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm had revenue of $537.60 million for the quarter, compared to analyst estimates of $507.37 million. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. On average, equities research analysts forecast that Agnico Eagle Mines Ltd. will post $0.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, August 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.08.

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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