Agnico Eagle Mines (TSE:AEM) Reaches New 1-Year High – Still a Buy?

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$150.87 and last traded at C$149.91, with a volume of 434100 shares trading hands. The stock had previously closed at C$148.81.

Wall Street Analysts Forecast Growth

Separately, 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 research report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of C$122.14.

Agnico Eagle Mines Stock Up 0.5 %

The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The company has a market capitalization of C$53.51 billion, a P/E ratio of 53.17, a P/E/G ratio of 22.97 and a beta of 1.10. The stock has a 50-day moving average price of C$135.66 and a 200-day moving average price of C$121.51.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 76.24%.

Insider Transactions at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 2,000 shares of the firm’s stock in a transaction that occurred on 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, Director Martine Celej sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total value of C$246,942.72. Insiders sold 80,269 shares of company stock worth $9,879,772 over the last ninety days. 0.08% of the stock is 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.