Agnico Eagle Mines (TSE:AEM) Hits New 1-Year High at $88.91

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price hit a new 52-week high on Thursday . The company traded as high as C$88.91 and last traded at C$88.76, with a volume of 601070 shares changing hands. The stock had previously closed at C$87.26.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AEM shares. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Cormark reduced their price target on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Canaccord Genuity Group increased their price target on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday. Veritas Investment Research increased their price target on shares of Agnico Eagle Mines from C$88.40 to C$118.00 in a report on Friday, April 12th. Finally, National Bankshares dropped their price objective on shares of Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$97.50.

Agnico Eagle Mines Stock Up 0.9 %

The firm has a market cap of C$44.62 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 22.97 and a beta of 1.07. The company has a debt-to-equity ratio of 10.32, a quick ratio of 0.89 and a current ratio of 2.09. The business’s 50-day moving average is C$76.84 and its 200-day moving average is C$71.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last announced its earnings results on Thursday, February 15th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.65 by C$0.13. The business had revenue of C$2.39 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. On average, equities analysts predict that Agnico Eagle Mines Limited will post 3.4364596 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.537 dividend. This represents a $2.15 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is presently 39.74%.

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.