Royal Bank Of Canada reiterated their sector perform rating on shares of Agnico Eagle Mines Ltd (TSE:AEM) in a report published on Monday morning, StockTargetPrices.com reports.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

Other analysts have also recently issued reports about the company. National Bank Financial increased their price objective on Agnico Eagle Mines from C$68.00 to C$74.25 in a research note on Wednesday, July 13th. TD Securities reiterated a hold rating and issued a C$56.00 price objective on shares of Agnico Eagle Mines in a research note on Friday, July 22nd. Desjardins upgraded Agnico Eagle Mines from a hold rating to a buy rating in a research note on Wednesday, July 13th. Finally, Dundee Securities cut Agnico Eagle Mines from a buy rating to a neutral rating in a research note on Thursday, July 14th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of C$58.86.

Shares of Agnico Eagle Mines (TSE:AEM) opened at 73.44 on Monday. Agnico Eagle Mines has a 1-year low of $31.89 and a 1-year high of $78.35. The firm’s 50-day moving average price is $71.51 and its 200 day moving average price is $62.50. The stock has a market cap of $16.41 billion and a P/E ratio of 506.48.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.08.

Agnico Eagle Mines Company Profile

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.

Stock Target Prices

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