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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) shares hit a new 52-week high on Tuesday . The company traded as high as C$147.00 and last traded at C$145.35, with a volume of 849779 shares traded. The stock had previously closed at C$140.20.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average target price of C$122.14.

Agnico Eagle Mines Price Performance

The company has a market capitalization of C$52.41 billion, a P/E ratio of 52.08, a P/E/G ratio of 22.97 and a beta of 1.10. The company has a 50 day moving average price of C$133.00 and a 200 day moving average price of C$120.36. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 76.24%.

Insider Buying and Selling at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 10,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$148.32, for a total transaction of C$1,483,200.00. Also, Director Martine Celej sold 2,208 shares of the company’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. Insiders have sold a total of 80,269 shares of company stock valued at $9,879,772 in the last three months. 0.08% of the stock is currently owned by company insiders.

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.