Agnico Eagle Mines Ltd (AEM) PT Raised to C$78.00 at Canaccord Genuity

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) had its price objective hoisted by Canaccord Genuity from C$77.00 to C$78.00 in a report issued on Thursday, October 26th. Canaccord Genuity currently has a buy rating on the stock.

AEM has been the topic of several other reports. Royal Bank Of Canada restated a sector perform rating on shares of Agnico Eagle Mines in a report on Monday, September 11th. TD Securities boosted their price target on Agnico Eagle Mines to C$65.00 and gave the company a hold rating in a report on Thursday, August 3rd. Finally, National Bank Financial upgraded Agnico Eagle Mines from a sector perform rating to an outperform rating in a research note on Sunday, July 23rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Agnico Eagle Mines currently has a consensus rating of Buy and a consensus price target of C$66.75.

Agnico Eagle Mines (TSE:AEM) traded up C$0.31 during mid-day trading on Thursday, reaching C$57.36. 297,321 shares of the company were exchanged, compared to its average volume of 665,635. Agnico Eagle Mines has a one year low of C$46.91 and a one year high of C$68.76.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.137 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.10. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.96%. Agnico Eagle Mines’s payout ratio is 27.03%.

In related news, insider Yvon Sylvestre sold 610 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of C$63.50, for a total transaction of C$38,735.00. Also, Director Deborah Mccombe bought 500 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was purchased at an average cost of C$58.24 per share, for a total transaction of C$29,120.00.

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.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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