Agnico Eagle Mines (TSE:AEM) Upgraded to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines' FY2025 earnings at $6.56 EPS, FY2026 earnings at $5.33 EPS, FY2027 earnings at $3.87 EPS and FY2028 earnings at $3.75 EPS.

A number of other equities analysts have also weighed in on the company. National Bankshares upped 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 note on Wednesday, March 19th. Royal Bank of Canada upped their price target on Agnico Eagle Mines to C$105.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$128.71.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded down C$0.47 on Wednesday, hitting C$149.19. 579,828 shares of the stock traded hands, compared to its average volume of 1,029,862. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 52 week low of C$75.86 and a 52 week high of C$153.94. The firm has a 50 day simple moving average of C$138.04 and a two-hundred day simple moving average of C$122.59. The firm has a market cap of C$52.75 billion, a price-to-earnings ratio of 52.42, a PEG ratio of 22.97 and a beta of 1.10.

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Agnico Eagle Mines Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 76.24%.

Insider Activity

In related news, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction dated 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. Also, Senior Officer Guy Gosselin sold 22,500 shares of the firm's stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total value of C$2,740,500.00. Insiders sold 80,269 shares of company stock valued at $9,879,772 in the last ninety days. 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.