Agnico Eagle Mines (TSE:AEM) Stock Rating Upgraded by BMO Capital Markets

BMO Capital Markets upgraded shares of Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on AEM. National Bankshares lifted their price objective 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, March 19th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines to C$105.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Finally, UBS Group cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$130.50.

Agnico Eagle Mines Stock Down 1.0 %

Shares of TSE AEM opened at C$168.38 on Tuesday. The firm’s 50 day moving average price is C$147.25 and its 200 day moving average price is C$128.83. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The firm has a market cap of C$59.54 billion, a P/E ratio of 59.16, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 1 year low of C$84.44 and a 1 year high of C$175.33.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Agnico Eagle Mines’s payout ratio is 76.24%.

Insider Buying and Selling

In other news, Senior Officer Christopher Charles Norman Vollmershausen sold 6,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$155.55, for a total value of C$933,300.00. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total transaction of C$787,455.00. In the last three months, insiders sold 26,625 shares of company stock valued at $3,958,905. Company insiders own 0.08% of the company’s stock.

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.