Agnico Eagle Mines (TSE:AEM) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$126.72 and traded as high as C$151.00. Agnico Eagle Mines shares last traded at C$149.29, with a volume of 1,681,437 shares trading hands.

Analyst Upgrades and Downgrades

AEM has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines to C$105.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. National Bankshares boosted their price objective on 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. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. UBS Group downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. Finally, National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. One research 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. According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average price target of C$130.50.

Agnico Eagle Mines Trading Up 1.5 %

The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The firm has a market capitalization of C$58.97 billion, a P/E ratio of 58.60, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The firm's 50-day simple moving average is C$145.63 and its 200-day simple moving average is C$127.65.

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 given a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 0.96%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 76.24%.

Insider Activity at Agnico Eagle Mines

In other news, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$155.55, for a total value of C$933,300.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,000 shares of Agnico Eagle Mines stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$150.99, for a total transaction of C$754,950.00. Insiders have sold a total of 26,625 shares of company stock valued at $3,958,905 over the last 90 days. 0.08% of the stock is owned by insiders.

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.