Agnico Eagle Mines Limited (AEM) Given “Neutral” Rating at Eight Capital

Eight Capital restated their neutral rating on shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) in a research report sent to investors on Thursday morning.

A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity upped their target price on shares of Agnico Eagle Mines Limited from C$77.00 to C$78.00 and gave the stock a buy rating in a report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a sector perform rating on shares of Agnico Eagle Mines Limited in a report on Monday, September 11th. TD Securities upped their target price on shares of Agnico Eagle Mines Limited to C$65.00 and gave the stock a hold rating in a report on Thursday, August 3rd. Finally, National Bank Financial raised shares of Agnico Eagle Mines Limited from a sector perform rating to an outperform rating in a report on Sunday, July 23rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of C$66.75.

Shares of Agnico Eagle Mines Limited (AEM) opened at C$56.92 on Thursday. Agnico Eagle Mines Limited has a 1-year low of C$46.91 and a 1-year high of C$68.76.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.137 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.96%. This is a positive change from Agnico Eagle Mines Limited’s previous quarterly dividend of $0.10. Agnico Eagle Mines Limited’s dividend payout ratio is currently 26.85%.

In other news, Director Deborah Mccombe acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was purchased at an average price of C$58.24 per share, with a total value of C$29,120.00. Also, insider Yvon Sylvestre sold 610 shares of the company’s stock in a transaction dated 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 Limited

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

Analyst Recommendations for Agnico Eagle Mines Limited (TSE:AEM)

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