Agnico Eagle Mines (TSE:AEM) Cut to "Hold" at UBS Group

UBS Group cut shares of Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other research firms also recently weighed in on AEM. 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. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average target price of C$128.71.

Agnico Eagle Mines Trading Down 7.4 %

AEM traded down C$11.35 during trading on Monday, reaching C$141.46. 2,726,675 shares of the company's stock were exchanged, compared to its average volume of 1,047,489. 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 has a one year low of C$82.17 and a one year high of C$158.10. The firm has a fifty day moving average price of C$142.96 and a two-hundred day moving average price of C$125.33. The stock has a market capitalization of C$50.02 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

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

Insider Buying and Selling at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of C$118.43, for a total value of C$236,860.00. Also, Senior Officer Ammar Al-Joundi sold 20,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of C$118.94, for a total value of C$2,378,852.00. Over the last ninety days, insiders sold 71,125 shares of company stock valued at $9,315,117. Corporate insiders own 0.08% of the company's stock.

About Agnico Eagle Mines

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.