National Bank Financial Raises Agnico Eagle Mines (AEM) Price Target to C$70.00

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its price objective upped by National Bank Financial from C$67.00 to C$70.00 in a research report report published on Thursday, April 18th, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Agnico Eagle Mines’ Q1 2019 earnings at $0.07 EPS and FY2019 earnings at $0.44 EPS.

Separately, Desjardins downgraded Agnico Eagle Mines from a buy rating to a hold rating and set a C$61.00 price target for the company. in a research note on Friday, April 12th.

AEM stock traded down C$0.59 during midday trading on Thursday, reaching C$54.19. 872,600 shares of the company were exchanged, compared to its average volume of 786,171. The company has a debt-to-equity ratio of 39.54, a current ratio of 2.96 and a quick ratio of 1.21. Agnico Eagle Mines has a one year low of C$42.35 and a one year high of C$62.80. The stock has a market cap of $12.72 billion and a price-to-earnings ratio of -37.87.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Thursday, February 14th. The company reported C$0.19 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.04 by C$0.15. The company had revenue of C$710.88 million during the quarter, compared to analyst estimates of C$675.45 million. Research analysts anticipate that Agnico Eagle Mines will post 0.660000016742164 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.292 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, May 30th. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.14. Agnico Eagle Mines’s payout ratio is currently -31.80%.

In other news, Senior Officer Louise Grondin sold 10,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$59.60, for a total transaction of C$596,000.00. Following the sale, the insider now directly owns 48,458 shares in the company, valued at C$2,888,096.80. Also, Senior Officer Don Allan sold 16,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$59.02, for a total value of C$944,262.40. Following the sale, the insider now owns 47,089 shares in the company, valued at C$2,779,023.26. In the last quarter, insiders sold 48,559 shares of company stock worth $2,859,223.

About Agnico Eagle Mines

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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