Agnico Eagle Mines (TSE:AEM) Hits New 1-Year High – Here’s What Happened

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$124.20 and last traded at C$124.04, with a volume of 43448 shares changing hands. The stock had previously closed at C$123.09.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares lifted their price objective on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$116.00.

Agnico Eagle Mines Stock Up 0.6 %

The firm’s 50-day simple moving average is C$116.18 and its two-hundred day simple moving average is C$110.36. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The company has a market capitalization of C$62.04 billion, a price-to-earnings ratio of 77.39, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating the consensus estimate of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Sell-side analysts predict that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Director Sean Boyd sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total value of C$1,161,500.00. Insiders sold 124,616 shares of company stock worth $14,417,931 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.