Agnico Eagle Mines Limited (TSE:AEM) Receives C$105.14 Consensus PT from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has received an average rating of “Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$105.14.

A number of equities analysts have weighed in on AEM shares. Eight Capital boosted their price objective on Agnico Eagle Mines from C$105.00 to C$115.00 in a research note on Thursday, July 11th. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday. National Bankshares set a C$104.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Monday, June 24th. Canaccord Genuity Group boosted their price objective on Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Finally, Cormark boosted their price objective on Agnico Eagle Mines from C$110.00 to C$115.00 in a research note on Monday, June 24th.

Insider Buying and Selling

In related news, Senior Officer Dominique Girard sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total transaction of C$2,269,800.00. In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of C$89.27, for a total transaction of C$89,267.00. Also, Senior Officer Dominique Girard sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00. In the last 90 days, insiders have sold 101,000 shares of company stock valued at $10,906,117. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Stock Up 1.6 %

Shares of AEM stock opened at C$112.72 on Wednesday. The stock has a market cap of C$56.48 billion, a P/E ratio of 71.34, a P/E/G ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a twelve month low of C$59.36 and a twelve month high of C$114.76. The stock has a 50 day moving average of C$105.86 and a 200 day moving average of C$92.58. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$1.46 EPS for the quarter, topping the consensus estimate of C$1.27 by C$0.19. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. The firm had revenue of C$2.84 billion during the quarter, compared to analysts’ expectations of C$2.36 billion. As a group, sell-side analysts expect that Agnico Eagle Mines will post 5.5012201 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.547 per share. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 30th. This represents a $2.19 annualized dividend and a yield of 1.94%. Agnico Eagle Mines’s dividend payout ratio is presently 137.34%.

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.