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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM)’s stock price hit a new 52-week high during trading on Thursday . The stock 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.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AEM shares. Canaccord Genuity Group increased their price objective on shares of Agnico Eagle Mines from C$92.00 to C$105.00 in a report on Tuesday. Cormark reduced their target price on shares of Agnico Eagle Mines from C$97.00 to C$90.00 in a report on Tuesday, February 20th. Eight Capital raised their target price on shares of Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, TD Securities reduced their target price on shares of Agnico Eagle Mines to C$62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$97.50.

Agnico Eagle Mines Stock Up 1.7 %

The business’s 50 day moving average is C$76.32 and its 200 day moving average is 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. The stock has a market cap of C$44.21 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 22.97 and a beta of 1.07.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released 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. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 10.89%. The company had revenue of C$2.39 billion during the quarter, compared to the consensus estimate of C$2.04 billion. Equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.537 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.42%. Agnico Eagle Mines’s dividend payout ratio is currently 39.74%.

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.