Agnico Eagle Mines (TSE:AEM) Hits New 52-Week High at $63.05

Shares of Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) hit a new 52-week high during trading on Friday . The stock traded as high as C$63.05 and last traded at C$63.02, with a volume of 86179 shares trading hands. The stock had previously closed at C$62.28.

Several equities analysts have recently weighed in on the stock. Desjardins lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating and set a C$61.00 target price for the company. in a report on Friday, April 12th. National Bank Financial lifted their target price on shares of Agnico Eagle Mines from C$67.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, BMO Capital Markets set a C$48.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Monday, April 29th.

The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.21 and a current ratio of 2.96. The company has a market capitalization of $14.62 billion and a PE ratio of -44.00.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.07 by C$0.11. The business had revenue of C$707.63 million for the quarter, compared to analysts’ expectations of C$682.74 million. On average, analysts expect that Agnico Eagle Mines Ltd will post 0.6601063 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.292 per share. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.14. This represents a $1.17 dividend on an annualized basis and a yield of 1.88%. Agnico Eagle Mines’s dividend payout ratio is -31.80%.

In related news, Senior Officer Don Allan sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$62.10, for a total transaction of C$248,400.00. Following the sale, the insider now directly owns 41,414 shares in the company, valued at C$2,571,809.40. Also, Senior Officer Alain Blackburn sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of C$61.58, for a total transaction of C$184,740.00. Following the sale, the insider now owns 10,618 shares in the company, valued at C$653,856.44. Insiders have sold 61,000 shares of company stock worth $3,668,482 over the last quarter.

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Agnico Eagle Mines Company Profile (TSE:AEM)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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