Agnico Eagle Mines Limited (TSE:AEM) Receives C$100.63 Average Target Price from Analysts

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given a consensus rating of “Buy” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$100.63.

Several equities research analysts have recently commented on AEM shares. Canaccord Genuity Group upped their price target on Agnico Eagle Mines from C$92.00 to C$105.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Veritas Investment Research increased their price objective on Agnico Eagle Mines from C$88.40 to C$118.00 in a research report on Friday, April 12th. Finally, Eight Capital set a C$105.00 price target on Agnico Eagle Mines and gave the company a “buy” rating in a research report on Monday.

Insider Activity at Agnico Eagle Mines

In related news, Director Sean Boyd sold 120,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$90.08, for a total transaction of C$10,809,600.00. In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total value of C$89,267.00. Also, Director Sean Boyd sold 120,000 shares of Agnico Eagle Mines stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$90.08, for a total value of C$10,809,600.00. Insiders have sold a total of 163,279 shares of company stock valued at $14,798,903 over the last quarter. Insiders own 0.09% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM stock opened at C$90.94 on Tuesday. The company has a market capitalization of C$45.31 billion, a P/E ratio of 84.20, a PEG ratio of 22.97 and a beta of 1.04. Agnico Eagle Mines has a twelve month low of C$59.36 and a twelve month high of C$96.20. The business has a 50 day simple moving average of C$90.73 and a 200-day simple moving average of C$78.50. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.20. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. The business had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.20 billion. As a group, equities analysts anticipate that Agnico Eagle Mines will post 4.3937412 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Friday, May 31st. Agnico Eagle Mines’s payout ratio is currently 199.07%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.