Shares of Agnico Eagle Mines Ltd. (NYSE:AEM) gapped down before the market opened on Monday . The stock had previously closed at $51.79, but opened at $52.09. Agnico Eagle Mines shares last traded at $53.57, with a volume of 2,328,500 shares trading hands.

Several analysts recently issued reports on AEM shares. Sterne Agee CRT reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, May 16th. Dundee Securities cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Citigroup Inc. started coverage on shares of Agnico Eagle Mines in a research note on Tuesday, August 2nd. They set a “sell” rating and a $44.00 price objective for the company. HSBC reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Thursday, July 7th. Finally, TD Securities reaffirmed a “hold” rating and set a $61.00 price objective (up previously from $56.00) on shares of Agnico Eagle Mines in a research note on Saturday, August 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $50.91.

The stock has a market cap of $11.97 billion and a price-to-earnings ratio of 369.45. The firm’s 50 day moving average price is $55.68 and its 200 day moving average price is $46.48.

Agnico Eagle Mines (NYSE:AEM) last posted its quarterly earnings data on Thursday, July 28th. The mining company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The firm earned $537.60 million during the quarter, compared to analyst estimates of $507.37 million. During the same period in the prior year, the firm earned $0.09 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate 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. Stockholders of record on Thursday, September 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, August 30th.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.