Agnico Eagle Mines Ltd (AEM) Receives C$65.83 Consensus Price Target from Analysts
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$66.00.
Several equities research analysts have recently weighed in on AEM shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Agnico Eagle Mines in a research note on Monday, September 11th. National Bank Financial raised Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research note on Sunday, July 23rd. Canaccord Genuity raised their target price on Agnico Eagle Mines from C$73.00 to C$76.00 in a research note on Friday, September 29th. Finally, TD Securities raised their target price on Agnico Eagle Mines to C$65.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd.
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In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of C$58.00, for a total value of C$58,000.00. Also, Director Deborah Mccombe purchased 500 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was purchased at an average price of C$58.24 per share, for a total transaction of C$29,120.00.
Shares of Agnico Eagle Mines (TSE:AEM) remained flat at $58.33 during trading on Wednesday. The stock had a trading volume of 575,460 shares. The firm has a market capitalization of $13.49 billion and a price-to-earnings ratio of 53.61. Agnico Eagle Mines has a 1-year low of $46.91 and a 1-year high of $71.15. The stock has a 50 day moving average of $57.60 and a 200 day moving average of $60.39.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.137 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.55 annualized dividend and a yield of 0.94%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.10.
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.
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