Stifel Nicolaus Increases Agnico Eagle Mines (TSE:AEM) Price Target to C$140.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price hoisted by Stifel Nicolaus from C$114.00 to C$140.00 in a research note issued to investors on Monday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group raised their target price on Agnico Eagle Mines from C$105.00 to C$118.00 in a research report on Tuesday, July 23rd. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. National Bankshares set a C$104.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, June 24th. Cormark upped their price target on shares of Agnico Eagle Mines from C$110.00 to C$115.00 in a research report on Monday, June 24th. Finally, Eight Capital raised their price objective on shares of Agnico Eagle Mines from C$105.00 to C$115.00 in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$110.29.

Agnico Eagle Mines Stock Performance

The stock’s 50 day moving average is C$109.71 and its 200-day moving average is C$98.35. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$123.08. The firm has a market capitalization of C$61.03 billion, a P/E ratio of 75.06, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, topping the consensus estimate of C$1.27 by C$0.19. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.84 billion during the quarter, compared to analysts’ expectations of C$2.36 billion. On average, sell-side analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.547 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $2.19 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, August 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 135.63%.

Insider Buying and Selling

In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total transaction of C$2,546,250.00. In other Agnico Eagle Mines news, Senior Officer Carol-Ann Plummer-Theriault sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$101.85, for a total value of C$2,546,250.00. Also, Senior Officer Dominique Girard sold 20,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total transaction of C$2,269,800.00. Over the last 90 days, insiders have sold 115,000 shares of company stock valued at $12,518,150. Corporate 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.