Agnico Eagle Mines (AEM) Downgraded to Sector Perform at National Bank Financial

National Bank Financial lowered shares of Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) from an outperform rating to a sector perform rating in a report issued on Friday. National Bank Financial currently has C$63.00 price objective on the stock, down from their prior price objective of C$70.00.

AEM has been the topic of several other reports. Canaccord Genuity lifted their price target on shares of Agnico Eagle Mines from C$76.00 to C$77.00 in a report on Friday, October 20th. Eight Capital reiterated a neutral rating on shares of Agnico Eagle Mines in a research report on Thursday, November 16th. Finally, Desjardins reiterated a buy rating and set a C$60.00 target price on shares of Agnico Eagle Mines in a research report on Monday, December 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Agnico Eagle Mines currently has an average rating of Hold and an average target price of C$65.43.

Agnico Eagle Mines (TSE:AEM) traded down C$2.17 during mid-day trading on Friday, reaching C$54.12. 3,701,600 shares of the company’s stock traded hands, compared to its average volume of 807,974. Agnico Eagle Mines has a 52-week low of C$52.36 and a 52-week high of C$68.76. The company has a market cap of $12,610.00, a price-to-earnings ratio of 37.07 and a beta of -1.03.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.135 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.00%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 27.40%.

In other Agnico Eagle Mines news, Director Sean Riley sold 1,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of C$58.49, for a total transaction of C$58,490.00. Also, insider Jean Robitaille sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of C$56.48, for a total transaction of C$1,129,600.00. Insiders sold a total of 41,000 shares of company stock valued at $2,295,090 in the last quarter.

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Agnico Eagle Mines Company Profile

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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