Agnico Eagle Mines Ltd (AEM) PT Lowered to C$62.00 at Royal Bank of Canada

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) had its price objective decreased by Royal Bank of Canada to C$62.00 in a report released on Thursday, StockTargetPrices.com reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities research analysts also recently issued reports about the company. Desjardins lowered their price target on Agnico Eagle Mines from C$76.00 to C$72.00 in a report on Friday, February 17th. Scotiabank reaffirmed an outperform rating and set a C$68.50 price objective on shares of Agnico Eagle Mines in a research report on Tuesday, November 22nd. National Bank Financial reduced their price objective on Agnico Eagle Mines from C$69.50 to C$68.00 in a research report on Thursday, February 23rd. Barclays PLC reduced their price objective on Agnico Eagle Mines from C$61.00 to C$58.00 in a research report on Tuesday, January 10th. Finally, Canaccord Genuity reduced their price objective on Agnico Eagle Mines from C$77.00 to C$76.00 and set a buy rating for the company in a research report on Friday, February 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$59.77.

Agnico Eagle Mines (TSE:AEM) opened at 57.46 on Thursday. Agnico Eagle Mines has a 52 week low of $45.97 and a 52 week high of $78.35. The company has a market capitalization of $12.93 billion and a P/E ratio of 82.09. The company has a 50 day moving average price of $59.57 and a 200-day moving average price of $60.91.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.40 annualized dividend and a yield of 0.70%.

In related news, Director Deborah Mccombe sold 1,656 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of C$54.52, for a total transaction of C$90,285.12. Also, insider Yvon Sylvestre sold 922 shares of the stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of C$60.99, for a total value of C$56,232.78. Insiders have purchased 16,000 shares of company stock valued at $944,390 over the last three months.

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.

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