Agnico Eagle Mines (TSE:AEM) Price Target Increased to C$140.00 by Analysts at Stifel Nicolaus

Agnico Eagle Mines (TSE:AEM - Free Report) NYSE: AEM had its price objective raised by Stifel Nicolaus from C$114.00 to C$140.00 in a research note published on Monday morning, BayStreet.CA reports.

AEM has been the topic of several other research reports. UBS Group raised Agnico Eagle Mines to a "strong-buy" rating in a report on Tuesday, September 17th. National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the company an "outperform" rating in a report on Monday, June 24th. Eight Capital lifted their target price on Agnico Eagle Mines from C$105.00 to C$115.00 in a report on Thursday, July 11th. Cormark upped their price target on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a report on Monday, June 24th. Finally, Canaccord Genuity Group lifted their price objective on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$110.29.

Agnico Eagle Mines Stock Performance

AEM stock traded up C$0.87 during trading on Monday, reaching C$119.88. 1,114,000 shares of the company's stock were exchanged, compared to its average volume of 1,225,249. The firm has a market cap of C$60.06 billion, a PE ratio of 74.95, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 1-year low of C$60.17 and a 1-year high of C$121.43. The company's fifty day moving average price is C$108.71 and its 200-day moving average price is C$97.41.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last announced its earnings results on Wednesday, July 31st. The company reported C$1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.27 by C$0.19. The firm had revenue of C$2.84 billion during the quarter, compared to analyst estimates of C$2.36 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. On average, research analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.547 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.83%. This is a positive change from Agnico Eagle Mines's previous quarterly dividend of $0.40. Agnico Eagle Mines's dividend payout ratio is presently 135.63%.

Insider Activity at Agnico Eagle Mines

In related news, Senior Officer Jean Robitaille sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. In related news, Senior Officer Jean Robitaille sold 15,000 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$113.42, for a total transaction of C$1,701,300.00. Also, Director John Merfyn Roberts sold 2,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total value of C$223,680.00. Over the last ninety days, insiders have sold 115,000 shares of company stock valued at $12,518,150. Company 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.