National Bank Financial upgraded shares of Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) from a sector perform rating to an outperform rating in a report published on Sunday, July 23rd. National Bank Financial also issued estimates for Agnico Eagle Mines’ Q2 2017 earnings at $0.26 EPS, FY2017 earnings at $1.01 EPS, FY2018 earnings at $0.98 EPS, FY2019 earnings at $0.86 EPS and FY2020 earnings at $1.38 EPS.
Other equities analysts have also recently issued reports about the company. TD Securities restated a hold rating and set a C$65.00 price objective on shares of Agnico Eagle Mines in a research note on Friday, April 28th. BMO Capital Markets reiterated a market perform rating and issued a C$46.00 target price on shares of Agnico Eagle Mines in a research note on Tuesday, March 28th. Scotiabank reiterated an outperform rating and issued a C$56.50 target price on shares of Agnico Eagle Mines in a research note on Wednesday, March 29th. Finally, Royal Bank Of Canada raised their target price on Agnico Eagle Mines to C$70.00 and gave the company a sector perform rating in a research note on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of C$66.13.
Agnico Eagle Mines (TSE AEM) traded down 1.17% during mid-day trading on Friday, reaching $58.92. 930,077 shares of the company traded hands. The stock has a market capitalization of $13.62 billion and a PE ratio of 54.15. Agnico Eagle Mines has a 52-week low of $46.91 and a 52-week high of $74.57. The firm’s 50-day moving average is $57.63 and its 200 day moving average is $60.61.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, August 30th.
In related news, insider Yvon Sylvestre sold 5,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of C$67.25, for a total value of C$336,250.00. Also, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of C$58.00, for a total value of C$58,000.00. Over the last ninety days, insiders have sold 18,500 shares of company stock worth $1,211,225.
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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