Agnico Eagle Mines Ltd (TSE:AEM) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) from a sector perform rating to an outperform rating in a report issued on Sunday, July 23rd. National Bank Financial also issued estimates for Agnico Eagle Mines’ Q2 2017 earnings at $0.26 EPS, FY2017 earnings at $1.01 EPS, FY2018 earnings at $0.98 EPS, FY2019 earnings at $0.86 EPS and FY2020 earnings at $1.38 EPS.

A number of other analysts have also issued reports on AEM. BMO Capital Markets reaffirmed a market perform rating and issued a C$46.00 target price on shares of Agnico Eagle Mines in a report on Tuesday, March 28th. Royal Bank Of Canada raised their target price on Agnico Eagle Mines to C$70.00 and gave the company a sector perform rating in a report on Thursday, May 11th. Scotiabank reaffirmed an outperform rating and issued a C$77.00 target price on shares of Agnico Eagle Mines in a report on Friday, April 28th. Finally, TD Securities reaffirmed a hold rating and issued a C$65.00 target price on shares of Agnico Eagle Mines in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$66.13.

Shares of Agnico Eagle Mines (AEM) traded down 1.17% during trading on Friday, hitting $58.92. The company’s stock had a trading volume of 930,077 shares. The firm’s 50 day moving average is $57.63 and its 200-day moving average is $60.61. Agnico Eagle Mines has a 1-year low of $46.91 and a 1-year high of $74.57. The company has a market capitalization of $13.62 billion and a P/E ratio of 54.15.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.68%.

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of C$58.00, for a total value of C$58,000.00. Also, insider Yvon Sylvestre sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of C$67.25, for a total value of C$336,250.00. Insiders sold a total of 18,500 shares of company stock valued at $1,211,225 in the last quarter.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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