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

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have been given an average rating of “Buy” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$122.14.

Separately, Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines to C$105.00 and gave the company a “buy” rating in a research report on Thursday, March 6th.

Agnico Eagle Mines Stock Down 1.3 %

Shares of TSE AEM opened at C$140.20 on Thursday. The company’s 50-day simple moving average is C$131.70 and its 200-day simple moving average is C$119.81. Agnico Eagle Mines has a 52-week low of C$73.01 and a 52-week high of C$145.25. The firm has a market cap of C$49.57 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 76.24%.

Insiders Place Their Bets

In other news, Director Martine Celej sold 2,208 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$246,942.72. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$139.99, for a total transaction of C$787,455.00. Insiders have sold 70,269 shares of company stock valued at $8,396,572 over the last ninety days. Company insiders own 0.08% of the company’s stock.

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.