Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus rating of “Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$65.20.
Several equities research analysts have recently commented on the stock. Eight Capital reaffirmed a “neutral” rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Desjardins reiterated a “buy” rating and issued a C$60.00 price target on shares of Agnico Eagle Mines in a research note on Monday, December 11th. Finally, Canaccord Genuity lifted their price target on shares of Agnico Eagle Mines from C$73.00 to C$76.00 in a research note on Friday, September 29th.
In other news, insider Marc Legault sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$55.35, for a total value of C$1,107,000.00.
Agnico Eagle Mines (TSE:AEM) traded down C$0.35 on Monday, reaching C$58.06. 576,300 shares of the company’s stock were exchanged, compared to its average volume of 808,642. The stock has a market capitalization of $13,490.00, a PE ratio of 39.50 and a beta of -1.15. Agnico Eagle Mines has a 52-week low of C$52.36 and a 52-week high of C$68.76.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, November 30th. 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 0.94%. Agnico Eagle Mines’s dividend payout ratio is currently 27.21%.
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About Agnico Eagle Mines
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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