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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$124.20 and last traded at C$124.04, with a volume of 43448 shares. The stock had previously closed at C$123.09.

Analysts Set New Price Targets

A number of brokerages have commented on AEM. Stifel Nicolaus raised their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares raised their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$116.00.

Agnico Eagle Mines Price Performance

The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. The stock has a market cap of C$63.68 billion, a price-to-earnings ratio of 79.44, a PEG ratio of 22.97 and a beta of 1.10. The company’s 50 day moving average is C$116.87 and its 200 day moving average is C$110.72.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.35 by C$0.21. The firm had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, November 29th. Agnico Eagle Mines’s payout ratio is currently 135.63%.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$118.43, for a total transaction of C$236,860.00. Also, Senior Officer Guy Gosselin sold 22,500 shares of the firm’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$121.80, for a total value of C$2,740,500.00. Insiders have sold a total of 124,616 shares of company stock valued at $14,417,931 over the last quarter. Insiders own 0.08% of the company’s stock.

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.