Canaccord Genuity Boosts Agnico Eagle Mines Ltd (AEM) Price Target to C$78.00

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) had its price target upped by Canaccord Genuity from C$77.00 to C$78.00 in a report published on Thursday. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on AEM. TD Securities lifted their price target on shares of Agnico Eagle Mines to C$65.00 and gave the company a hold rating in a report on Thursday, August 3rd. National Bank Financial upgraded shares of Agnico Eagle Mines from a sector perform rating to an outperform rating in a report on Sunday, July 23rd. Finally, Royal Bank Of Canada reiterated a sector perform rating on shares of Agnico Eagle Mines in a report on Monday, September 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$66.75.

Agnico Eagle Mines (TSE:AEM) opened at 58.33 on Thursday. Agnico Eagle Mines has a 1-year low of $46.91 and a 1-year high of $71.15. The firm has a market capitalization of $13.49 billion and a PE ratio of 53.61. The firm’s 50-day moving average price is $57.60 and its 200-day moving average price is $60.39.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.137 per share. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.55 annualized dividend and a dividend yield of 0.94%.

In other Agnico Eagle Mines news, Director Deborah Mccombe bought 500 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, September 19th. The shares were acquired at an average price of C$58.24 per share, for a total transaction of C$29,120.00. Also, insider Yvon Sylvestre sold 610 shares of Agnico Eagle Mines stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of C$63.50, for a total transaction of C$38,735.00.

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.

Analyst Recommendations for Agnico Eagle Mines (TSE:AEM)

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