Agnico Eagle Mines (TSE:AEM) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) had its target price boosted by Royal Bank of Canada to C$105.00 in a research report released on Thursday morning,Stock Target Advisor reports. Royal Bank of Canada currently has a buy rating on the stock.

Agnico Eagle Mines Price Performance

AEM opened at C$139.99 on Thursday. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. The stock has a market capitalization of C$49.50 billion, a P/E ratio of 49.18, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company’s 50 day simple moving average is C$130.02 and its 200-day simple moving average is C$118.97. Agnico Eagle Mines has a one year low of C$72.59 and a one year high of C$145.25.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 76.24%.

Insider Activity

In other Agnico Eagle Mines news, Director Martine Celej sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$246,942.72. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Insiders have sold 70,269 shares of company stock valued at $8,396,572 over the last 90 days. 0.08% of the stock is owned by company insiders.

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.