Agnico Eagle Mines Limited (TSE:AEM) Receives C$116.00 Consensus Target Price from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned a consensus rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$116.00.

Several brokerages recently weighed in on AEM. National Bankshares lifted their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. Canaccord Genuity Group increased their target price on shares of Agnico Eagle Mines from C$105.00 to C$118.00 in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus upped their price target on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st.

Agnico Eagle Mines Stock Down 1.6 %

Agnico Eagle Mines stock opened at C$116.67 on Thursday. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86. The company has a market cap of C$58.46 billion, a PE ratio of 72.92, a PEG ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.89 and a current ratio of 1.51. The business’s 50-day simple moving average is C$112.81 and its two-hundred day simple moving average is C$101.29.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. The company had revenue of C$2.94 billion during the quarter, compared to analyst estimates of C$2.50 billion. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. Equities analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Agnico Eagle Mines Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 135.63%.

Insider Activity

In related news, Senior Officer Dominique Girard sold 11,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$104.33, for a total value of C$1,147,630.00. In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$104.33, for a total value of C$1,147,630.00. Also, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$111.84, for a total value of C$223,680.00. In the last quarter, insiders have sold 100,000 shares of company stock valued at $11,133,400. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Company Profile

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.