Brokerages Set Agnico Eagle Mines Limited (TSE:AEM) Target Price at C$122.14

Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM have earned a consensus rating of "Buy" from the five research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$122.14.

Separately, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines to C$105.00 and gave the stock a "buy" rating in a report on Thursday.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director Martine Celej sold 2,208 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$246,942.72. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Insiders sold a total of 70,269 shares of company stock valued at $8,396,572 in the last quarter. Insiders own 0.08% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock traded down C$1.81 on Thursday, reaching C$140.20. 1,387,803 shares of the stock were exchanged, compared to its average volume of 986,010. The firm's 50 day moving average is C$131.70 and its 200-day moving average is C$119.81. Agnico Eagle Mines has a one year low of C$73.01 and a one year high of C$145.25. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The firm has a market cap of C$49.57 billion, a PE ratio of 49.26, a P/E/G ratio of 22.97 and a beta of 1.10.

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Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines's payout ratio is 76.24%.

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.