Agnico Eagle Mines (TSE:AEM) Reaches New 12-Month High – What’s Next?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) reached a new 52-week high during trading on Monday . The stock traded as high as C$150.87 and last traded at C$149.91, with a volume of 434100 shares. The stock had previously closed at C$148.81.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their price target on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$122.14.

Agnico Eagle Mines Stock Performance

The company has a fifty day moving average price of C$134.24 and a 200 day moving average price of C$121.02. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The stock has a market cap of C$53.19 billion, a P/E ratio of 52.85, a P/E/G ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 76.24%.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total transaction of C$1,483,200.00. Also, Senior Officer Guy Gosselin sold 22,500 shares of the firm’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total value of C$2,740,500.00. Insiders have sold 80,269 shares of company stock worth $9,879,772 in the last quarter. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

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.