Agnico Eagle Mines (TSE:AEM) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2025 earnings at $6.56 EPS, FY2026 earnings at $5.33 EPS, FY2027 earnings at $3.87 EPS and FY2028 earnings at $3.75 EPS.

A number of other brokerages have also recently commented on AEM. Royal Bank of Canada increased their target price on Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a report on Thursday, March 6th. National Bankshares increased their target price on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$128.71.

Agnico Eagle Mines Stock Performance

AEM opened at C$149.66 on Wednesday. The stock’s 50 day simple moving average is C$137.43 and its 200 day simple moving average is C$122.33. The stock has a market cap of C$52.92 billion, a P/E ratio of 52.58, 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 current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 1-year low of C$75.74 and a 1-year high of C$153.94.

Agnico Eagle Mines Announces Dividend

The firm 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 1.07%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 76.24%.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 17,936 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total value of C$2,005,962.24. Also, Senior Officer Guy Gosselin sold 22,500 shares of the stock in a transaction on 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 80,269 shares of company stock worth $9,879,772 over the last quarter. 0.08% of the stock is currently owned by 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.