Agnico Eagle Mines (TSE:AEM) Reaches New 1-Year High - Still a Buy?

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$158.10 and last traded at C$154.86, with a volume of 917056 shares. The stock had previously closed at C$155.91.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AEM shares. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bankshares boosted their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. Royal Bank of Canada increased their price objective on Agnico Eagle Mines to C$105.00 and gave the company a "buy" rating in a report on Thursday, March 6th. UBS Group downgraded Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. Finally, National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$128.71.

Agnico Eagle Mines Price Performance

The stock has a fifty day simple moving average of C$142.96 and a 200-day simple moving average of C$125.47. The stock has a market cap of C$50.02 billion, a price-to-earnings ratio of 49.70, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's payout ratio is presently 76.24%.

Insider Buying and Selling

In other news, Senior Officer Ammar Al-Joundi sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$118.94, for a total transaction of C$2,378,852.00. Also, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$155.55, for a total transaction of C$933,300.00. Insiders have sold a total of 71,125 shares of company stock valued at $9,315,117 over the last three months. 0.08% of the stock is owned by corporate insiders.

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.