Agnico Eagle Mines (TSE:AEM) Hits New 12-Month High – What’s Next?

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$175.33 and last traded at C$170.18, with a volume of 447751 shares traded. The stock had previously closed at C$168.38.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AEM shares. UBS Group lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 31st. National Bank Financial upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. BMO Capital Markets raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, National Bankshares boosted their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target of C$130.50.

Agnico Eagle Mines Price Performance

The company has a market cap of C$59.54 billion, a price-to-earnings ratio of 59.16, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The company’s 50 day moving average price is C$147.25 and its 200 day moving average price is C$128.83.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 76.24%.

Insider Transactions at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total value of C$787,455.00. Also, Senior Officer Dominique Girard sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total transaction of C$1,483,200.00. Insiders have sold 26,625 shares of company stock valued at $3,958,905 in the last three months. 0.08% of the stock is owned by corporate insiders.

Agnico Eagle Mines Company Profile

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.