National Bankshares Boosts Agnico Eagle Mines (TSE:AEM) Price Target to C$190.00

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

Separately, Royal Bank of Canada raised their price target on Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$128.71.

Agnico Eagle Mines Price Performance

AEM stock opened at C$149.66 on Wednesday. The business has a fifty day moving average of C$137.43 and a two-hundred day moving average of C$122.33. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88. The stock has a market cap of C$52.92 billion, a price-to-earnings ratio of 52.58, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 52-week low of C$75.74 and a 52-week high of C$153.94.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Insider Activity at Agnico Eagle Mines

In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 10,000 shares of Agnico Eagle Mines stock in a transaction dated 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, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of Agnico Eagle Mines stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$139.99, for a total value of C$787,455.00. Over the last three months, insiders sold 80,269 shares of company stock worth $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.