Agnico Eagle Mines (TSE:AEM) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Agnico Eagle Mines’ FY2028 earnings at $3.75 EPS.

AEM has been the topic of several other reports. National Bankshares upped their price target on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their target price on Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$128.71.

Agnico Eagle Mines Stock Down 0.1 %

Shares of Agnico Eagle Mines stock opened at C$151.13 on Wednesday. The firm has a market capitalization of C$53.44 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12-month low of C$73.43 and a 12-month high of C$153.94. 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’s fifty day moving average is C$136.29 and its 200-day moving average is C$121.79.

Agnico Eagle Mines Announces Dividend

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

Insider Transactions at Agnico Eagle Mines

In related news, Director John Merfyn Roberts sold 2,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$118.43, for a total transaction of C$236,860.00. Also, Senior Officer Guy Gosselin sold 22,500 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$121.80, for a total transaction of C$2,740,500.00. Over the last three months, insiders sold 80,269 shares of company stock worth $9,879,772. 0.08% of the stock is owned by 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.