National Bankshares Issues Positive Forecast for Agnico Eagle Mines (TSE:AEM) Stock Price

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price target hoisted by National Bankshares from C$160.00 to C$190.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average target price of C$128.71.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at C$151.13 on Wednesday. The stock has a market capitalization of C$53.44 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business’s fifty day moving average price is C$136.29 and its 200 day moving average price is C$121.79. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 12-month low of C$73.43 and a 12-month high of C$153.94.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. Agnico Eagle Mines’s payout ratio is currently 76.24%.

Insider Activity

In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$148.32, for a total value of C$1,483,200.00. Also, Director Martine Celej sold 2,208 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$246,942.72. Over the last ninety days, insiders have sold 80,269 shares of company stock valued at $9,879,772. Company 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.