Agnico Eagle Mines’ (AEM) “Neutral” Rating Reiterated at Eight Capital

Eight Capital reissued their neutral rating on shares of Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) in a research report released on Thursday, November 16th.

AEM has been the topic of several other research reports. Canaccord Genuity boosted their price target on Agnico Eagle Mines from C$73.00 to C$76.00 in a research note on Friday, September 29th. Royal Bank Of Canada reissued a sector perform rating on shares of Agnico Eagle Mines in a research note on Monday, September 11th. TD Securities boosted their price target on Agnico Eagle Mines to C$65.00 and gave the stock a hold rating in a research note on Thursday, August 3rd. Finally, National Bank Financial raised Agnico Eagle Mines from a sector perform rating to an outperform rating in a research note on Sunday, July 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Agnico Eagle Mines presently has a consensus rating of Hold and a consensus target price of C$66.75.

Shares of Agnico Eagle Mines (TSE:AEM) traded down C$0.96 on Thursday, reaching C$53.89. The company’s stock had a trading volume of 3,117,711 shares, compared to its average volume of 666,973. Agnico Eagle Mines has a 12 month low of C$46.91 and a 12 month high of C$68.76.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.137 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.10. This represents a $0.55 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Thursday, November 30th. Agnico Eagle Mines’s payout ratio is currently 26.49%.

In other Agnico Eagle Mines news, Director Deborah Mccombe purchased 500 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was bought at an average cost of C$58.24 per share, for a total transaction of C$29,120.00.

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About Agnico Eagle Mines

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 (TSE:AEM)

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