Agnico Eagle Mines (TSE:AEM) Price Target Raised to C$190.00

Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM had its target price increased by National Bankshares from C$160.00 to C$190.00 in a report released on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines to C$105.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$128.71.

Agnico Eagle Mines Stock Performance

TSE:AEM traded down C$1.22 during midday trading on Wednesday, hitting C$149.66. The company's stock had a trading volume of 2,537,512 shares, compared to its average volume of 1,037,898. Agnico Eagle Mines has a fifty-two week low of C$75.74 and a fifty-two week high of C$153.94. 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 firm has a market cap of C$52.92 billion, a P/E ratio of 52.58, a P/E/G ratio of 22.97 and a beta of 1.10. The firm's 50 day moving average is C$137.43 and its 200-day moving average is C$122.40.

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Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 annualized dividend and a yield of 1.07%. Agnico Eagle Mines's dividend payout ratio is presently 76.24%.

Insider Buying and Selling at Agnico Eagle Mines

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 stock was sold at an average price of C$111.84, for a total value of C$2,005,962.24. Also, Senior Officer Guy Gosselin sold 22,500 shares of the company's stock in a transaction dated 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. Over the last quarter, insiders sold 80,269 shares of company stock valued at $9,879,772. 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.