Agnico Eagle Mines Ltd (AEM) PT Lowered to C$62.00 at Royal Bank of Canada
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) had its target price lowered by Royal Bank of Canada to C$62.00 in a report issued on Thursday morning, StockTargetPrices.com reports. The brokerage currently has a sector perform rating on the stock.
Other analysts have also issued reports about the company. TD Securities reaffirmed a hold rating and issued a C$61.00 target price on shares of Agnico Eagle Mines in a research report on Friday, November 18th. Scotiabank decreased their target price on Agnico Eagle Mines from C$58.00 to C$56.50 and set an outperform rating for the company in a research report on Thursday, February 23rd. Canaccord Genuity boosted their target price on Agnico Eagle Mines from C$75.00 to C$77.00 in a research report on Friday, February 3rd. Desjardins decreased their target price on Agnico Eagle Mines from C$79.00 to C$75.00 in a research report on Wednesday, December 21st. Finally, National Bank Financial decreased their target price on Agnico Eagle Mines from C$69.50 to C$68.00 in a research report on Thursday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$59.77.
Agnico Eagle Mines (TSE:AEM) opened at 57.46 on Thursday. The company’s 50-day moving average price is $59.57 and its 200 day moving average price is $60.91. Agnico Eagle Mines has a 12 month low of $45.97 and a 12 month high of $78.35. The firm has a market capitalization of $12.93 billion and a PE ratio of 82.09.
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The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Monday, February 27th.
In other news, insider Ammar Al-Joundi bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The stock was acquired at an average cost of C$60.62 per share, with a total value of C$121,240.00. Also, insider Yvon Sylvestre sold 922 shares of the business’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of C$60.99, for a total value of C$56,232.78. Insiders purchased a total of 16,000 shares of company stock valued at $944,390 over the last ninety days.
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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