Shares of Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$65.86.

Several brokerages have recently issued reports on AEM. TD Securities increased their price objective on Agnico Eagle Mines to C$65.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Canaccord Genuity increased their price objective on Agnico Eagle Mines from C$72.00 to C$73.00 in a research note on Thursday, July 27th. National Bank Financial upgraded Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research note on Sunday, July 23rd. Royal Bank Of Canada increased their price objective on Agnico Eagle Mines to C$70.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. Finally, Scotiabank reiterated an “outperform” rating and issued a C$77.00 price objective on shares of Agnico Eagle Mines in a research note on Friday, April 28th.

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In related news, Director John Merfyn Roberts sold 1,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of C$58.00, for a total value of C$58,000.00. Also, insider Yvon Sylvestre sold 5,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of C$68.33, for a total value of C$341,650.00. Insiders sold 42,250 shares of company stock worth $2,799,500 in the last three months.

Agnico Eagle Mines (AEM) opened at 59.02 on Friday. The stock has a market capitalization of $13.65 billion and a P/E ratio of 54.25. The company’s 50-day moving average price is $58.05 and its 200 day moving average price is $60.69. Agnico Eagle Mines has a 52 week low of $46.91 and a 52 week high of $77.32.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, August 30th.

Agnico Eagle Mines Company Profile

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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