Agnico Eagle Mines (TSE:AEM) Sets New 1-Year High - Should You Buy?

Shares of Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM reached a new 52-week high during trading on Wednesday . The company traded as high as C$175.33 and last traded at C$170.18, with a volume of 447751 shares changing hands. The stock had previously closed at C$168.38.

Analyst Ratings Changes

AEM has been the topic of several analyst reports. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines to C$105.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. UBS Group downgraded Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares raised their price objective 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. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and an average target price of C$130.50.

Agnico Eagle Mines Price Performance

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 capitalization of C$59.54 billion, a price-to-earnings ratio of 59.16, a PEG ratio of 22.97 and a beta of 1.10. The stock's 50 day simple moving average is C$147.80 and its 200-day simple moving average is C$129.23.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's payout ratio is 76.24%.

Insiders Place Their Bets

In other news, Senior Officer Dominique Girard sold 10,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total value of C$1,483,200.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$139.99, for a total value of C$787,455.00. Insiders sold 26,625 shares of company stock valued at $3,958,905 over 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.