Agnico Eagle Mines Limited (TSE:AEM) Receives C$295.33 Average PT from Brokerages

Shares of Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$295.33.

A number of research analysts have commented on AEM shares. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. National Bank Financial cut their price objective on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Stifel Nicolaus reduced their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Finally, Barclays decreased their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th.

Agnico Eagle Mines Price Performance

AEM stock opened at C$273.36 on Thursday. The firm’s 50-day moving average price is C$246.90 and its two-hundred day moving average price is C$256.56. Agnico Eagle Mines has a 12-month low of C$188.48 and a 12-month high of C$348.94. The stock has a market capitalization of C$136.95 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 22.97 and a beta of 2.02. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share for the quarter. The company had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. As a group, equities analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Agnico Eagle Mines’s payout ratio is presently 14.55%.

Insider Activity

In other news, Director John Merfyn Roberts sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$273.35, for a total value of C$410,025.00. Following the completion of the transaction, the director owned 16,182 shares in the company, valued at C$4,423,349.70. This trade represents a 8.48% decrease in their position. Corporate insiders own 0.08% of the company’s stock.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.