Agnico Eagle Mines Limited (TSE:AEM) Receives C$116.00 Average PT from Analysts

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) has been assigned a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$116.00.

AEM has been the topic of several analyst reports. National Bankshares upped their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st.

Insider Activity

In other news, Senior Officer Ammar Al-Joundi sold 19,900 shares of Agnico Eagle Mines stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$109.25, for a total transaction of C$2,174,075.00. Also, Director Sean Boyd sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total transaction of C$1,161,500.00. Insiders sold a total of 59,972 shares of company stock worth $6,808,814 over the last quarter. Insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of AEM opened at C$113.41 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The stock has a market cap of C$56.82 billion, a PE ratio of 70.88, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$123.86. The business has a 50-day simple moving average of C$116.78 and a two-hundred day simple moving average of C$107.36.

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

Agnico Eagle Mines Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. Agnico Eagle Mines’s payout ratio 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.