Agnico Eagle Mines Limited (TSE:AEM) Receives Average Recommendation of “Buy” from Brokerages

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

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

Insiders Place Their Bets

In other news, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$118.43, for a total value of C$236,860.00. Also, Senior Officer Jean Robitaille sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$122.00, for a total value of C$1,220,000.00. Insiders have sold a total of 124,616 shares of company stock valued at $14,417,931 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Agnico Eagle Mines Stock Performance

TSE:AEM opened at C$124.01 on Tuesday. The firm has a market capitalization of C$62.13 billion, a PE ratio of 77.51, 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 1.51 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$124.20. The firm has a 50-day moving average price of C$116.48 and a 200 day moving average price of C$110.45.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its 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 business had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Agnico Eagle Mines had a return on equity of 3.10% and a net margin of 8.49%. Research analysts anticipate that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Agnico Eagle Mines Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. Agnico Eagle Mines’s dividend 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.