Agnico Eagle Mines (TSE:AEM) Hits New 1-Year High at $88.91

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$88.91 and last traded at C$88.76, with a volume of 601070 shares changing hands. The stock had previously closed at C$87.26.

Analyst Upgrades and Downgrades

AEM has been the subject of several research reports. Eight Capital boosted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities dropped their price target on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Canaccord Genuity Group boosted their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday. Finally, Veritas Investment Research boosted their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a research note on Friday, April 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus target price of C$97.50.

Agnico Eagle Mines Stock Up 0.9 %

The business’s fifty day moving average price is C$76.84 and its 200 day moving average price is C$71.10. The company has a quick ratio of 0.89, a current ratio of 2.09 and a debt-to-equity ratio of 10.32. The firm has a market capitalization of C$44.62 billion, a PE ratio of 16.55, a PEG ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 EPS for the quarter, beating analysts’ consensus estimates of C$0.65 by C$0.13. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. The business had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 3.4364596 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.537 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.40%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 39.74%.

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.