Agnico Eagle Mines (TSE:AEM) Given New C$105.00 Price Target at Royal Bank of Canada

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective upped by Royal Bank of Canada to C$105.00 in a research report sent to investors on Thursday,Stock Target Advisor reports. Royal Bank of Canada currently has a buy rating on the stock.

Agnico Eagle Mines Stock Performance

Shares of TSE AEM opened at C$139.99 on Thursday. Agnico Eagle Mines has a one year low of C$72.59 and a one year high of C$145.25. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88. The business has a fifty day simple moving average of C$130.02 and a 200 day simple moving average of C$118.97. The firm has a market capitalization of C$49.50 billion, a price-to-earnings ratio of 49.18, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Agnico Eagle Mines’s payout ratio is presently 76.24%.

Insider Activity at Agnico Eagle Mines

In other news, Director Martine Celej sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$246,942.72. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Insiders have sold a total of 70,269 shares of company stock valued at $8,396,572 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

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.