Agnico Eagle Mines Ltd (TSE:AEM) Given New C$78.00 Price Target at Canaccord Genuity

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) had its price objective hoisted by Canaccord Genuity from C$77.00 to C$78.00 in a research note released on Thursday, October 26th. Canaccord Genuity currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on AEM. Royal Bank Of Canada restated a sector perform rating on shares of Agnico Eagle Mines in a research note on Monday, September 11th. TD Securities boosted their price target on Agnico Eagle Mines to C$65.00 and gave the company a hold rating in a research note on Thursday, August 3rd. Finally, National Bank Financial upgraded Agnico Eagle Mines from a sector perform rating to an outperform rating in a research note on Sunday, July 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$66.75.

Shares of Agnico Eagle Mines (TSE AEM) opened at C$57.05 on Thursday. Agnico Eagle Mines has a one year low of C$46.91 and a one year high of C$68.76.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.137 per share. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.10. This represents a $0.55 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 30th. Agnico Eagle Mines’s payout ratio is 27.03%.

In other news, insider Yvon Sylvestre sold 610 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of C$63.50, for a total value of C$38,735.00. Also, Director Deborah Mccombe purchased 500 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was bought at an average price of C$58.24 per share, with a total value of C$29,120.00.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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