Agnico Eagle Mines Limited (TSE:AEM) Given Consensus Rating of “Buy” by Brokerages

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has earned an average recommendation of “Buy” from the five analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$116.00.

A number of research firms recently weighed in on AEM. National Bankshares lifted their price objective on shares of 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. Finally, Stifel Nicolaus increased their price target on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st.

Insiders Place Their Bets

In related news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Director John Merfyn Roberts sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total transaction of C$224,640.00. Over the last three months, insiders have sold 86,972 shares of company stock worth $9,784,554. 0.08% of the stock is owned by company insiders.

Agnico Eagle Mines Trading Up 0.5 %

TSE AEM opened at C$118.06 on Monday. The firm’s fifty day moving average is C$114.25 and its two-hundred day moving average is C$104.05. Agnico Eagle Mines has a one year low of C$60.17 and a one year high of C$123.86. 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 firm has a market cap of C$59.15 billion, a PE ratio of 73.79, a P/E/G ratio of 22.97 and a beta of 1.10.

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

Agnico Eagle Mines Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, November 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 135.63%.

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.