Agnico Eagle Mines Ltd (AEM) Receives Average Rating of “Buy” from Brokerages
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) has been assigned an average recommendation of “Buy” from the twelve analysts that are currently covering the stock. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$68.75.
A number of analysts have commented on AEM shares. Canaccord Genuity decreased their target price on Agnico Eagle Mines to C$81.00 in a research report on Monday, October 24th. Desjardins decreased their target price on Agnico Eagle Mines to C$77.00 in a research report on Thursday, October 20th. TD Securities boosted their target price on Agnico Eagle Mines from C$56.00 to C$61.00 and gave the stock a “hold” rating in a research report on Thursday, August 11th. Raymond James Financial Inc. upgraded Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 25th. Finally, Scotiabank reiterated an “outperform” rating and set a C$68.50 target price on shares of Agnico Eagle Mines in a research report on Tuesday, November 22nd.
Shares of Agnico Eagle Mines (TSE:AEM) traded down 1.59% during trading on Tuesday, reaching $55.76. The company had a trading volume of 220,147 shares. The firm has a market capitalization of $12.53 billion and a price-to-earnings ratio of 156.63. Agnico Eagle Mines has a 52 week low of $34.45 and a 52 week high of $78.35. The firm has a 50-day moving average of $62.21 and a 200 day moving average of $66.82.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 15th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.72%.
Agnico Eagle Mines Company Profile
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.
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