Agnico Eagle Mines (TSE:AEM) Reaches New 52-Week High at $88.91

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s share price reached 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 trading hands. The stock had previously closed at C$87.26.

Analyst Ratings Changes

AEM has been the topic of a number of analyst reports. National Bankshares cut their price target on Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Cormark cut their price target on Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. TD Securities cut their target price on Agnico Eagle Mines to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Canaccord Genuity Group lifted their target price on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday. Finally, Veritas Investment Research lifted their target price on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of C$97.50.

Agnico Eagle Mines Price Performance

The stock has a market cap of C$44.21 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 22.97 and a beta of 1.07. The company has a 50-day moving average of C$76.32 and a 200-day moving average of C$70.98. The company has a debt-to-equity ratio of 10.32, a quick ratio of 0.89 and a current ratio of 2.09.

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

Agnico Eagle Mines Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.537 dividend. This represents a $2.15 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s dividend 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.